Here is some more excellent news to brighten up our week: last week it was reported that Israel Natural Gas Lines (INGL) had completed construction of a marine liquefied natural gas receiving buoy and would begin receiving natural gas immediately:
Energy officials at a launching ceremony on Thursday hailed the buoy as capable of relieving the country’s gas shortage until the onset of the Tamar reservoir this April, but also said the facility would remain a key component to Israel’s energy security future. The buoy, a Submerged Turret Loading Buoy , will serve as a connection point to the LNG gasification ships, which will unload natural gas directly to the maritime portion of the national transmission system at a volume of about 1.5 billion to 2 billion cubic meters per year.
In just its first weeks running, the government expects the buoy to save the Israeli energy market about NIS…
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