The joint tenders committee of Israel’s National Infrastructure and Finance Ministries has issued an international prequalifiying tender for an offshore liquefied-natural-gas receiving terminal. The build-own-transfer tender is one of the largest issued in recent years by the by the State of Israel. The target date set for the operation of the terminal is October 2013. The decision to proceed with the terminal is part of the government’s policy to guarantee natural gas supplies to the local economy which has been rapidly switching to gas in recent years. “The tender is for the construction, operation and maintenance of the LNG terminal
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.