VOL. XLIV

No 49

3-December-2001

ISRAEL

YamThetis Negotiating 11-Year Gas Sales Deal With IEC

YamThetis, the Israeli-US consortium that is set to develop Israels offshore Marigasfield (MEES, 25 June), hopes to complete negotiations with IsraelElectric Corporation (IEC) in a few months for an agreement to sell 18bn cums of natural gas over an 11 year period (equivalent to 1.64bn cu ms/year), aspokesman for the group told MEES. Yam Thetis is now negotiating this(with IEC) and we hope to finish in a...