Israel Natural Gas Lines Ltd. (INGL)

Construction and Operation of the National Natural Gas Transmission System

Israel Natural Gas Lines Ltd. (INGL)
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Company's Profile

Established: 2003
Line of Business: Construction and Operation of the National Natural Gas Transmission System
Address: Kiryat Atidim, Atidim Tower, P.O.B. 58177,
Tel Aviv 6158101
Phone: 972-3-6270400
Fax: 972-3-5611320
Website: http://www.ingl.co.il
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Company Executives

  • Orit Son, Israel Natural Gas Lines Ltd. (INGL)

    Orit Son

    Chairman of the Board

    Israel Natural Gas Lines Ltd. (INGL)

  • Samuel Tordjman, Israel Natural Gas Lines Ltd. (INGL)

    Samuel Tordjman

    CEO

    Israel Natural Gas Lines Ltd. (INGL)

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    Samuel Tordjman

Other Senior Executives

    Gilad Shai Adv., Deputy CEO, Legal Advisor
    Daniel Szobel V.P., Finance and Procurements
    Shlomo Kresner V.P., Engineering
    Shlomi Ze’ira V.P., Operations
    Haim Moskovitz V.P., Construction
    Jay Epstein Commercial Manager
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About Israel Natural Gas Lines Ltd. (INGL)

Israel Natural Gas Lines Ltd. (“INGL”) is a government owned corporation, established in 2003 for the purpose of constructing and operating the national natural gas transmission infrastructure. In 2004, the Minister of Energy awarded the company a license for this purpose, under the Natural Gas Market Law, for a period of 30 years. This national project is of extreme importance for Israel for two main reasons – first, its impact on Israel’s economy and industry, and second, its contribution to improvement of environmental quality and reduction of air pollution. INGL adheres to stringent international standards in its construction and operations, and makes use of sophisticated logistic tools, advanced technologies and a wide range of international and local professional suppliers, contractors and consultants. INGL currently has 140 employees involved in planning, engineering, construction, operations, maintenance, safety, finance, business development, law and management.

Significant Savings for the Economy & Cleaner Air

The natural gas that INGL transports is one of the lowest cost energy sources available to the Israeli economy, and its use significantly reduces the costs of generating electricity and energy for industrial needs. From its establishment to the present, the company invested more than NIS 7 billion in the system’s construction. the Israeli economy saves NIS billions per year due to the usage of natural gas. Energy produced from natural gas is cleaner than from other fuels such as diesel oil, fuel oil and coal, emitting fewer pollutants and greenhouse gases during combustion.

Natural Gas Pipelines throughout Israel

The natural gas transmission system is composed of several systems, including:
• stations for receiving NG from resources in Israel’s maritime territory. receiving station is currently operating in Ashdod, and during 2019 another station was completed near Dor Beach. The station is operational since Dec. 2019
• A deep water LNG receiving terminal and mooring system to receive natural gas from floating storage and regasification vessels, located approximately 10 kilometers west of Hadera’s coastline (in operation since January 2013), and connected through an offshore line to the national transmission system
• Under-ground pipelines for transporting high pressure natural gas across the length and the breadth of Israel. To date, INGL has laid about 800 km of high-pressure pipelines, all over the country as detailed below: The Offshore Section, in operation since May 2006; the Central Section, in operation since May 2007; the Southern Section, in operation since November 2009; the Northern Section, in operation since April 2011; Dovrat-Ziporit Section, in operation since January 2015; Palmahim Section, in operation since February 2016; A southern export line to Jordan, in operation since January 2017; Eastern pipeline, in operation since May 17; the Jerusalem Pipeline; and an export pipeline to northern Jordan (active since December 2019)
• PRMS stations to reduce pressure and meter gas deliveries, located at the consumer delivery points
• Block valve stations throughout the system
• Facilities for operations and security, to monitor and control the network
• Maintenance and logistics centers at several locations nationwide.

INGL Customers

Already, more than 60% of Israel’s electricity is generated using natural gas, which INGL delivers to 7 large power stations owned by IEC, and to independent suppliers. In addition, INGL delivers natural gas to large industrial plants in Israel, including in the Haifa Bay area, Ramat Hovav, Mishor Rotem, and other locations throughout the country (Industrial customers include ORL, Haifa Chemicals, Adama-Makhteshim, Agan, Dead Sea Works, Mashab etc.). The number of users continues to grow by the connection of regional lines to natural gas, as well as private power plants, new industrial clients and even neighboring states.

INGL Strives to Develop the Natural Gas Economy

Following the discovery of significant volumes of natural gas resources off the coast of Israel, the demand for electricity generation based on natural gas, and gas sector continual development, has increased. It is expected that the share of natural gas in the fuels for electricity generation will reach 70% in coming years. INGL continues to develop the natural gas sector, increasing the reliability and efficiency of the national transmission system, to ensure a regular supply of gas to its customers. The company is working on the construction of new gas transmission segments and facilities of significant volumes, including doubling the pipelines in the North and the South, and constructing additional export lines as well as an underwater pipeline (near Dor Beach), which will enable the direct offshore connection of additional gas suppliers to the transmission system.

Hadera Gas Import Terminal (LNG Buoy)

In January 2013, INGL launched the Hadera Deep-water LNG Terminal to receive natural gas from LNG tankers. The decision was made by the Minister of Energy, in May 2011, in order to make up for the temporary natural gas deficiency, created from the dwindling of existing reserves and the reduction of gas supplies from Egypt, until the arrival of the “Tamar” gas supply.

The terminal provides the national transmission system with the ability to import LNG to Israel and thus creates another gateway, which augments Israel’s energy security. The company is considering other project in addition to this exceptional project, to further develop the natural gas sector, improve the reliability and redundancy of supply in the gas system, with an emphasis on the construction of natural gas storage for operational needs and energy crisis.

Bonds Issuance and Credit Rating

On May 30th, 2018, INGL published a prospectus for listing bonds (Series D) and was listed on the primary list of the TASE from June 7th, 2018.

The company’s is ranked ilAA+/Stable by Ma’alot S&P. The company’s series of bonds are ranked ilAA+ by Ma’alot, and Aa1.il by Midroog.

INGL Looks to the Future

INGL is a relatively young company, and since its inception it has succeeded in making significant changes in Israel’s energy economy. Through its vision and professional staff, it has established a national transmission infrastructure to deliver gas across the length and the breadth of Israel. INGL continues to look forward with the hope and belief that natural gas will make an important contribution to Israel’s economy, to its energetic independence, and to provide cleaner air for its people.