The Jerusalem Post wrote in an article yesterday that an offshore transmission buoy would begin operating today, supplying liquefied natural gas to Israel. Israel’s offshore Tamar gas field won’t begin production until April, but the offshore buoy is capable of supplying 4 -5 million cubic meters per day until Tamar’s production comes online. The Israeli government estimates that this new supply channel of natural gas will save the their economy 500 million NIS ($135 million) in just the first few weeks of operation, and billions in the next few years. Energy transferred from the new natural gas supply will generate 3,000 to 4,000 megawatts per hour (30,000 – 40,000 homes). This new supply is a milestone in Israel’s 80/20 goal, to have 80% of the country’s electrical energy needs supplied by natural gas. When Israel’s recent natural gas discoveries come into production they will be capable of supplying 100% of their natural gas needs without imports and export natural gas to other markets.

Read the Jerusalem Post article by clicking here.