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Ampal, Partners Start Arbitration Steps Against Egypt on Gas

Ampal-American Israel Corp. and other shareholders in East Mediterranean Gas Co. said they may take legal proceedings against Egypt if natural gas supply is not restored.

“If gas supply is not restored expeditiously and at the precise contracted quantities, the EMG international shareholders shall resort to any and all legal remedies available to them in any relevant jurisdiction to protect their investment,” Ampal Chief Executive Officer Yosef Maiman said in a statement today.