The buoy, located ten kilometers offshore from Hadera, will deliver gas to eight IEC power stations and other gas consumers.
The Ministry of Energy and Water Resources says that the first liquefied natural gas (LNG) ship will dock at the offshore LNG buoy this week. A target=new href=http://www.iec.co.il/EN/IR/Pages/default.aspx/>Israel Electric Corporation's (IEC) (TASE: ELEC.B22) expenses for the LNG buoy and leasing of an LNG carrier are recognized by the Natural Gas Authority and by the Public Utilities Authority (Electricity). Use of LNG will lower electricity production costs and it will serve as back-up for natural gas deliveries.
The LNG buoy will supply up to 570,000 cubic meters of gas a year (20,000 million BTU an hour). The buoy, located ten kilometers offshore from Hadera, will deliver gas to eight IEC power stations and other gas consumers. IEC estimates that each tanker load of LNG will replace ten days consumption of diesel and fuel oil, which the utility has been using to make up for the natural gas shortage.
The LNG tanker is 277 meters long, has a beam of 43.4 meters, and a draught of 11.5 meters. Its capacity is 138,000 cubic meters of LNG, which equals 80 million cubic meters of natural gas.
Published by Globes [online], Israel business news - www.globes-online.com - on January 20, 2013
© Copyright of Globes Publisher Itonut (1983) Ltd. 2013