Egypt Pipeline Explosion 311.
(photo credit: REUTERS)
Israel Electric Corporation’s use of diesel and fuel oil to generate
electricity, instead of natural gas, cost the Israeli economy an average of NIS
10 million a day during the summer, according to the Ministry of National
Infrastructure. In July and August, the extra burning of 142,000 tons of diesel,
compared with 2010, cost NIS 600m.
Deliveries of natural gas by Egypt’s
East Mediterranean Gas Company was suspended due to attacks on gas pipelines and
facilities in Sinai between February 5 and March 15, between April 27 and June
6, and since July 25. Subsequent attacks on the pipelines had no effect on the
already suspended gas deliveries.
The Ministry of National Infrastructure
says that IEC’s consumption of diesel was 103 percent higher from January-
August 2011 than in the corresponding months of 2010, mainly because of the
suspensions of natural gas deliveries from Egypt. Diesel consumption was 382%
higher in March than in the corresponding month, 212% higher in April, 424%
higher in July, and 78% higher than in August.
Minister of National
Infrastructure Uzi Landau says, “The figures highlight Israel’s need to ensure
energy independence. This is the primary objective we’ve set. Israel is
an energy island, and, first and foremost, it must rely on itself. I reiterate
my call to all the parties in the industry to put a shoulder to our effort in
the various sectors to achieve this goal. The construction of a liquefied
natural gas terminal buoy, expediting construction of the sea-land gas pipeline,
and the rapid switch to the use of renewable fuels to generate electricity will
create the energy security needed to develop the Israeli economy.”
costs around NIS 125 per million British Thermal Units, compared with NIS 20 per
million BTU for natural gas. Burning diesel instead of natural gas costs an
extra NIS 4,250 per ton of diesel, as one ton of diesel is equivalent 40.5
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