The Competition Commissioner approved Nobel Energy to purchase part of the gas pipeline between Israel and Egypt

The Competition Commissioner, Adv. Michal Halperin, approved the fuel and Nobel Energy to purchase part of the gas pipeline between Israel and Egypt, owned by the Egyptian gas importer EMG. The approval is subject to three conditions, which are: Owners of the Open Access pipeline for other gas reservoir owners and fuel and Nobel consent to re-examine the pipeline operating agreement in ten years.
EMG, which was partnered by Israeli businessman Yossi Meiman, set up the pipeline for the transportation of natural gas from Egypt as part of a deal to supply Egyptian gas to the electricity company. The 280-mile-long pipe connects the EMG facility in Ashkelon to the Egyptian gas network in the Al-Arish region of Sinai. The pipeline itself has been inactive since 2012, having been disabled following a series of explosions apparently made by local residents.
Delek, a Noble and Egyptian-owned company, is seeking to acquire 39% of EMG's share capital, as well as receive rights to operate the pipeline for a ten-year period, with an option to extend for another 10 years. The deal is $ 519 million. The purchase of the pipeline is intended to enable regular supply of gas from the whale and transducer to Egypt, as part of the agreements signed by the partnership in reservoirs with customers in Egypt.
The Competition Authority said that "after a thorough examination, the Commissioner decided to condition the deal's approval under conditions that would ensure that no future gas imports from Egypt would be blocked and that non-fuel and Nobel reservoirs could also export gas to Egypt via the pipeline."

, Adv. Michal Halperin, approved the fuel and Nobel Energy to purchase part of the gas pipeline between Israel and Egypt, owned by the Egyptian gas importer EMG. The approval is subject to three conditions, which are: Owners of the Open Access pipeline for other gas reservoir owners and fuel and Nobel consent to re-examine the pipeline operating agreement in ten years.
EMG, which was partnered by Israeli businessman Yossi Meiman, set up the pipeline for the transportation of natural gas from Egypt as part of a deal to supply Egyptian gas to the electricity company. The 280-mile-long pipe connects the EMG facility in Ashkelon to the Egyptian gas network in the Al-Arish region of Sinai. The pipeline itself has been inactive since 2012, having been disabled following a series of explosions apparently made by local residents.
Delek, a Noble and Egyptian-owned company, is seeking to acquire 39% of EMG's share capital, as well as receive rights to operate the pipeline for a ten-year period, with an option to extend for another 10 years. The deal is $ 519 million. The purchase of the pipeline is intended to enable regular supply of gas from the whale and transducer to Egypt, as part of the agreements signed by the partnership in reservoirs with customers in Egypt.
The Competition Authority said that "after a thorough examination, the Commissioner decided to condition the deal's approval under conditions that would ensure that no future gas imports from Egypt would be blocked and that non-fuel and Nobel reservoirs could also export gas to Egypt via the pipeline."