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Ampal-American Israel Corporation Announced that EMG and the Egyptian Authorities Have Signed an Amendment to the Gas Sales & Purchase Agreement for the Gas Sold to EMG.

Publication: Business Wire
Publication Date: 01-JUN-09
Format: Online
Delivery: Immediate Online Access

Article Excerpt
TEL AVIV, Israel -- Ampal-American Israel Corporation (NASDAQ:AMPL), a holding company in the business of acquiring and managing interests in various businesses, with emphasis in recent years on energy and related fields, announced today that it has been advised by East Mediterranean Gas Co.("EMG"), in which Ampal has a 12.5% interest, that EMG and its upstream supplier in Egypt have finalized and signed an amendment ("Amendment") to the Gas Sales & Purchase Agreement ("GSPA") with regard to repricing...



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