Monday, May 26, 2008

Israel Preparing Tender for Liquid Natural Gas

The government is continuing to press forward with preparations for publication of the tender for the import of liquefied natural gas, as the economy braces itself for shortages of natural gas. Sources inform ''Globes'' that the joint Ministry of Finance and Ministry of National Infrastructures tenders committee is expected to complete within two weeks the selection of the financial, legal and engineering consultants to support what is now considered the largest project ever undertaken in the energy economy.

Two months ago, the government approved the issue of a combined tender for the supply of natural gas and the building of a terminal for the storage of imported liquefied natural gas which will be able to handle four billion cubic meters of gas a year. The terminal will cost an estimated $700 million to build and should be operating by 2015

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