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(Reuters-Ynet News) BP said Tuesday it will supply Israel Electric Corporation with two cargos a month of liquefied natural gas (LNG). A source with knowledge of the deal said it will deliver from Dec. 2012 until May 2013 to plug a short-term gap after Egypt terminated a 20-year gas supply deal in April. BP will deliver the gas to Israel's floating LNG import terminal, due to be completed in November. The liquefied fuel will be turned back into gas on-board a floating storage and re-gasification unit, and injected into sub-sea pipelines headed for Israel's gas grid. Israel's new Tamar offshore gas field will only come on line around April 2013. 2012-07-27 00:00:00Full Article
BP to Supply Israel with LNG
(Reuters-Ynet News) BP said Tuesday it will supply Israel Electric Corporation with two cargos a month of liquefied natural gas (LNG). A source with knowledge of the deal said it will deliver from Dec. 2012 until May 2013 to plug a short-term gap after Egypt terminated a 20-year gas supply deal in April. BP will deliver the gas to Israel's floating LNG import terminal, due to be completed in November. The liquefied fuel will be turned back into gas on-board a floating storage and re-gasification unit, and injected into sub-sea pipelines headed for Israel's gas grid. Israel's new Tamar offshore gas field will only come on line around April 2013. 2012-07-27 00:00:00Full Article
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