IEC gets go-ahead to lease LNG buoy, gasification vessel

23.06.2011                      21.Siwan, 5771

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IEC gets go-ahead to lease LNG buoy, gasification vessel

Move a "step in the right direction," says expert, seen as effort to help bridge gaps likely to occur between depletion of current gas supply and development of new Tamar gas reserves.

An Electricity Authority plenum has approved the request of the Israel Electric Corporation to temporarily lease a Liquefied Natural Gas (LNG) buoy and gasification vessel, in an effort to help bridge the gaps likely to occur between the depletion of Israel’s current Mari-B Yam Tethys gas supply and the development of the new Tamar gas reserves, the Public Utility Authority announced on Wednesday morning.
The Yam Tethys supply is expected to be consumed sometime in 2012, while Tamar will probably only come on board during the second half of 2012, the PUA said in a statement.
Experts in the past have similarly predicted to The Jerusalem Post that Tamar would be ready sometime between 2012 and 2013….