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Effects on Israel's energy sector

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Repercussions of the explosion in Egypt were felt the following day on the Tel Aviv Stock Exchange. (The Israeli trading week begins on Sunday.) Shares of energy stocks soared on heavy volume, particularly those of partners in the Tamar 1 offshore natural gas field.[1] Senior officials in the Israeli Ministry of Finance urged Yitzhak Tshuva, leading shareholder of Delek Group LTD (TASE:DLEKG), to expedite the development of the Tamar 1 gas field. Tshuva responded, "Whenever we are needed because of problems with the Egyptian gas supplier, we do our duty without asking questions, and this is the thanks we get."[2]

Related links: Leader upgrades Israeli natural gas partners as Egypt violence continues Israel jittery about gas supply from EgyptBiosketch (talk) 21:11, 6 February 2011 (UTC)[reply]

References

  1. ^ Levy, Aviv (6 February 2011). "Sun: Energy sector soars after Egyptian gas explosion". Globes. Retrieved 6 February 2011. Following the explosion at an Egyptian gas pipeline over the weekend, the local energy sector attracted investor interest and rose today. Avner Oil and Gas LP (TASE: AVNR.L) rose 4.7%, Delek Drilling LP (TASE: DEDR.L) rose 3.7%, and their direct parent company Delek Energy Systems Ltd. (TASE: DEOL) jumped 7%. Delek Group Ltd. (TASE: DLEKG) rose 4.6%.
  2. ^ Barkat, Amiram (6 February 2011). "Treasury warns Tshuva: Get to work on Tamar". Globes. Retrieved 6 February 2011.
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