VOL. XLIII

No. 36

4-September-2000

ISRAEL

Israeli Firms Differ Over Gas Imports

Israel Corporation (IC) general manager Yosi Rosen told the Globes newspaper on 30 August that ICs subsidiary Israel Chemicals (IChem) is prepared to buy gas from either Israeli or Egyptian suppliers in order to save money on its energy costs, which are running at around $200mn a year. Switching to natural gas is expected to save about 25% of these costs, Mr Rosen said, adding that the change from fuel oil to gas is...