(Reuters) Ari Rabinovitch - Israel said Monday it signed a $140 million deal with Italian marine contractor Micoperi to build an off-shore liquefied natural gas terminal in the Mediterranean some 10 km. from Hadera. Construction is due to begin in the second half of 2012 and be completed by the end of the year. Though natural gas production in Israel is set to soar in coming decades after the discovery of huge off-shore deposits, the country faces a short-term gas shortage until the new production goes online.
2011-11-01 00:00:00Full ArticleBACK Visit the Daily Alert Archive