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French Investors Negotiate Financing of Gas Pipeline in Israel

April 29, 1960
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French investors may participate in the financing of a gas pipeline from a field near the Dead Sea to Sdom and Beersheba, it was reported today.

Prospective French investors met with Israel Finance Ministry officials to discuss the prospects of such a joint enterprise. Israel is planning to build a short pipeline from the Zohar field to Sdom. The joint project calls for a 12-inch pipeline from Sdom to Beersheba at a cost of 4,000,000 pounds ($2, 240, 000).

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