Israel’s natural gas reserves are worth $100-130 billion, in non-capitalized values and were discovered in 2009. This valuation is the basis for the sovereign fund for oil and gas royalties that will be set up.
Gas discoveries in Israeli waters could be double the known discoveries to date. (These discoveries include Tamar and Leviathan – A.B.). Currently, Israel depends on coal and gas to fuel its energy needs. In Israel there are plans to reduce dependence on coal from 60 percent of its energy set-up, while increasing natural gas from 30 percent to 40-45 percent. The plan is to increase alternative energy use to 10 percent by 2020. The discovery of the natural gas field 90 km. offshore from Haifa, known as Tamar, was made by a US-Israel consortium including the Delek Group, through its subsidiaries Delek Drilling and Avner Oil Exploration, Isramco Negev 2, Dor Gas Exploration and US oil operator Noble Energy Inc.
The following information pertains to requests for tenders (RFPs) issued by Israel Natural Gas Lines (henceforth: “the company”). The tenders are published also in the Israeli national press. All RFPs and tenders must be submitted on forms provided for this purpose by the company. RFP or tenders submitted in any form other than on documents provided by the company may be disqualified. All forms and documentation related to RFPs (including plans and specifications when relevant) are available for perusal at the company offices, 2 Kremnitzky Street, Tel-Aviv, Israel, or as detailed in the announcements on this Website. Examination of said documents at the company offices must be scheduled in advance, and may require a nominal fee to cover publication costs. Should there be a discrepancy between the RFP in Hebrew and its translated versions in Arabic or English, the Hebrew wording will be considered the formal and definitive version
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You can view the Tender Agreement here
You can view the Technical Information here