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Ampal-American Israel Corporation Responds to a News Article in an Israeli Newspaper Regarding the EMG Pipeline.

Publication: Business Wire
Publication Date: 24-MAR-08
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Two Members of EMG's Board of Directors Confirmed That the Pipeline Was Designed, Built, and Has the Capacity to Deliver No Less Then 7.0 BCM Per Annum

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, responded today to an article in an Israeli newspaper regarding EMG and to a series of questions from Israeli shareholders and financial market experts. EMG constructed and operates an underwater pipeline that delivers natural gas from Egypt to Israel. The commissioning of the pipeline began 5 weeks ago.

Ampal is advised by two...

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