Israeli firm writes off investment in Egypt gas deal

18.05.2012                      26.Ijar. 5772                    Tag 41 des Omer

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Israeli firm writes off investment in Egypt gas deal

Ampal-American Israel Corp. said this week that it had concluded its portion of East Mediterranean Gas Company to be of no value.

The Israeli partner in the natural gas consortium with Egypt has written off its entire investment, while a US energy giant said it would link two small gas fields to Israel’s central supply to help offset the damage….