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.
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
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