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South Korea in talk to import natural gas from Israel

Sunday, 13 November 2011 14:54

DSME-logoThe Tamar natural gas partnership from Israel is close for signing a multibillion dollar 15 years contract with Daewoo Shipbuilding & Marine Engineering Co. Ltd (DSME) to build and operate a floating liquefied natural gas terminal (FLNG), which will enable natural gas exports from the reservoir.

The gas produced from the well will be cooled to minus 160 degrees Celsius for transport in liquefied gas tankers to South Korea. The price of natural gas in Korean is 2-3 times higher than in Israel.

 

Source: Globes

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