Gornitzky represents Israel Corporation in a USD 4 billion gas deal with Tamar partners
Gornitzky & Co. represented Israel Corporation and its subsidiaries in the purchase of 16-20 billion cubic meters of natural gas from the Tamar partners for USD 4 billion.
According to the purchasing contract, three of Israel Corporation's subsidiaries - Israel Chemicals Ltd. (TASE: ICL), Oil Refineries Ltd. (TASE:ORL), and OPC Rotem Ltd. - will buy the gas from the Tamar field over a period of several years.
In 2010, Gornitzky represented Israel Corporation in the signing of a gas purchasing contract with Egypt's East Mediterranean Gas Company (EMG), a contract which was subsequently rendered unnecessary when Egypt suspended all gas deliveries to Israel.
Israel Corporation is Israel's second largest buyer of natural gas after Israel Electric Corporation.