BP wins tender to supply Israel with LNG
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BP said it will supply Israel Electric Corporation with liquefied natural gas (LNG) but declined on Tuesday to give details, while a source with knowledge of the deal said it will deliver two cargoes a month from December until May 2013.
Israel launched a tender to secure supplies after Egypt terminated a crucial 20-year gas supply deal in April this year. BP beat off stiff competition from rival bidders including Russian gas giant Gazprom to secure the deal, critical to plugging a short-term gap in Israeli gas supplies. (Reuters)
