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Eastern Mediterranean Gas Company S.A.E

Company Summary

Description

East Mediterranean Gas Company (EMG) is an owner and operator of the Arish–Ashkelon pipeline. It is a joint company of Mediterranean Gas Pipeline Ltd which belongs to "Evsen Group of Companies" (28%), the Israeli company Merhav (25%), PTT (25%), EMI-EGI LP (12%), and Egyptian General Petroleum Corporation (10%).[1]

Related Entities

Recent news

  • 9/9/2019 - East Mediterranean Gas... (subscriber access)
  • 9/27/2018 - Noble Energy Reaches... (subscriber access)

Company Transactions

Date: 2/15/2019
Type: Acquisition

BUYERS:
  • Noble Energy, Inc.
    • SELLERS:
  • Eastern Mediterranean Gas Company S.A.E
    • ASSETS:
  • EMG Pipeline
    • DETAILS:

    COST: 200 $MM

    NOTES:
    Noble will be acquiring a 39% stake in Eastern Mediterranean Gas Company, which owns the EMG Pipeline that connects the Israel pipeline network to the Egyptian pipeline network. This will grant Noble an indirect 10% stake in that pipeline and Noble plans to enter into a subsequent deal to allow them to operate the system and have access to its full capacity.
    REGIONS:
  • Mediterranean