EMG, Israel Corp in deal on 1.4 Bcm-2.9 Bcm/year gas supplies

East Mediterranean Gas Supply Corp has signed agreements to supply 1.4 billion cubic meters of natural gas to three companies controlled by the Israel Corp., according to a statement Monday by Ampal-American Israel Corp. 
The statement said that the agreements are for a total of 1.4 Bcm a year for 20 years with an option to increase the total to 2.9 Bcm/year. The total value of the five contracts with Oil Refineries Ltd, Israel Chemicals and OPC Rotem was put at $5 billion-$10 billion.
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Source: Platts