EMG's Gas Supply to Israel Has Resumed
May 16 2011 - 4:05PM
Business Wire
Ampal-American Israel Corporation (Nasdaq: AMPL), a holding
company in the business of acquiring and managing interests in
various businesses, announced today that it was advised by East
Mediterranean Gas Co. ("EMG"), in which Ampal has a 12.5% interest,
that commercial gas supply to EMG, and subsequently to EMG's
Israeli customers, has resumed last night (March 15).
EMG has further advised that according to technical protocols,
the initial quantities of gas supplied to EMG are less than the
contractual quantities and will ramp up on a daily basis to reach
full contractual quantities.
About Ampal:
Ampal and its subsidiaries acquire interests primarily in
businesses located in the State of Israel or that are
Israel-related. Ampal is seeking opportunistic situations in a
variety of industries, with a focus on energy, chemicals and
related sectors. Ampal’s goal is to develop or acquire majority
interests in businesses that are profitable and generate
significant free cash flow that Ampal can control. For more
information about Ampal please visit our web site at
www.ampal.com.
Safe Harbor Statement
Certain information in this press release includes
forward-looking statements (within the meaning of Section 27A of
the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934) and information relating to Ampal that are
based on the beliefs of management of Ampal as well as assumptions
made by and information currently available to the management of
Ampal. When used in this press release, the words "anticipate,"
"believe," "estimate," "expect," "intend," "plan," and similar
expressions as they relate to Ampal or Ampal's management, identify
forward-looking statements. Such statements reflect the current
views of Ampal with respect to future events or future financial
performance of Ampal, the outcome of which is subject to certain
risks and other factors which could cause actual results to differ
materially from those anticipated by the forward-looking
statements, including among others, the economic and political
conditions in Israel, the Middle East, including the situation in
Iraq and Egypt, and the global business and economic conditions in
the different sectors and markets where Ampal's portfolio companies
operate. Should any of these risks or uncertainties materialize, or
should underlying assumptions prove incorrect, actual results or
outcome may vary from those described herein as anticipated,
believed, estimated, expected, intended or planned. Subsequent
written and oral forward-looking statements attributable to Ampal
or persons acting on its behalf are expressly qualified in their
entirety by the cautionary statements in this paragraph. Please
refer to the Ampal's annual, quarterly and periodic reports on file
with the SEC for a more detailed discussion of these and other
risks that could cause results to differ materially. Ampal assumes
no obligation to update or revise any forward-looking
statements.
Amplitude (NASDAQ:AMPL)
Historical Stock Chart
From May 2024 to Jun 2024
Amplitude (NASDAQ:AMPL)
Historical Stock Chart
From Jun 2023 to Jun 2024