Changing of the Guard as Israel's FSRU Departs

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In Israel, the LNG carrier Expedient has replaced Excellence offshore the port of Hadera as the country’s floating storage and regasification unit (FSRU). After arriving from South America Expedient received partial LNG volumes from Excellence in open water in the East Mediterranean in a ship-to-ship (STS) transfer between Aug. 29-30. Expedient then took up position at Israel’s floating buoy, which pipes regasified LNG to shore, on Aug. 31 on a temporary basis. Excellence is now understood to be undergoing maintenance. Israel started importing LNG at the beginning of 2013 from BP and has received deliveries from Spain and Trinidad and Tobago as a stop-gap measure until its Tamar and Leviathan fields, which have estimated reserves of some 900 billion cubic meters between them, are fully operational. Excellence and Expedient are both chartered from STS specialist, Excelerate Energy by Israel Electric Corp. Israel last received an LNG cargo on Aug. 15 from BP’s British Diamond as part of a six-cargo tender put out earlier this year (LNGI Aug.15'13). IEC’s next delivery is expected to arrive in October. Energy Intelligence

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