Middle East Economic Survey


No 45



Israel Contracts Italys Micoperi For Offshore LNG Terminal

Israel Natural Gas Lines (INGL) has contracted Italys Micoperi to construct an offshore LNG terminal 10km west of Hadera in the Mediterranean Sea. Work on the terminal is to begin during the second half of 2012 and be complete by the end of the year. The contract is worth $140mn. The terminal will have a capacity to receive 2.5 bcm/year of LNG via a floating storage...