Israel Egypt gas pipeline taken down into the Mediterranean Sea by a special ship EMG
Israel Egypt gas pipeline East Mediterranean Gas Company (EMG): EMG, an Egyptian joint stock company, organized in accordance with the Egyptian Special Free Zones system, has been granted the right to export natural gas from Egypt to Israel, to other locations in the East Mediterranean basin and to other countries. EMG has linked the Israeli energy market with the Egyptian national gas grid via an East Mediterranean pipeline with the first gas delivery occurring in May 2008. EMG is the developer, owner and operator of the pipeline and its associated facilities on shore in both the point of departure at El Arish, Egypt and the point of entry in Ashkelon, Israel. EMG signed gas supply contracts with Israeli customers, and is in the process of negotiating several additional agreements covering much of the anticipated BCM annually earmarked for the Israeli market. This project is governed by an agreement signed between Israel and Egypt which designates EMG as the authorized exporter of Egyptian gas and provides for the Egyptian government’s guarantee for the delivery of the gas to the Israeli market. Ampal holds interest in EMG both directly and through a joint venture partnership with Israeli Institutional Investors.
Size: 3400px × 5100px
Location: Mediterranean Sea
Photo credit: © TC / Alamy / Afripics
License: Licensed
Model Released: No
Keywords: company, east, egypt, emg, gas, israel, mediterranean, pipeline
