Showing posts with label
Europe Asia Pipeline Co (EAPC-B).
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Showing posts with label
Europe Asia Pipeline Co (EAPC-B).
Show all posts
SEPTEMBER 8, 2019 / 11:18 AM
JERUSALEM (Reuters) - The East Mediterranean Gas (EMG) pipeline operator signed a deal to use a terminal belonging to Israel’s Europe Asia Pipeline Company (EAPC) for the export of natural gas to Egypt, the companies said on Sunday.
The pipeline arrangement was one of the final hurdles before Israel could begin selling gas to Egypt in a landmark $15 billion export deal.
The gas, produced from fields in the eastern Mediterranean, will be supplied via EMG’s subsea pipeline that connects the Israeli coastal city of Ashkelon and El-Arish in Egypt’s Sinai peninsula. But first the gas must pass through state-run EAPC’s terminal in Ashkelon.
DECEMBER 31, 2017 / 2:50 PMReporting by Ari Rabinovitch, editing by Larry King
JERUSALEM (Reuters) - An oil pipeline company established decades ago by Israel and Iran, and a new Israeli company that is meant to replace it, can continue to operate secretly, an Israeli parliamentary committee ruled on Sunday.
The Eilat-Ashkelon Pipeline Co (EAPC) was a joint venture set up in 1968, when the two nations were friendly, to transport Iranian oil via Israel to the Mediterranean. Ties were cut after Iran’s 1979 Islamic revolution, and the enemies are now locked in arbitration that could be worth billions of dollars.
