Jordan may replace Egypt as Israel's natural gas supplier

Home Business Jordan may replace Egypt as Israel's natural gas supplier 20-05-2014 12:59 AM Ammon News - AMMONNEWS - The Jordanian government is negotiating to supply Israel with natural gas to substitute the Egyptian gas for the same price; Jordan Al-Ghad newspaper said on Monday quoting an unnamed government official , Middle East Monitor reported. The source said the Jordanian government offered to sell natural gas to Israel at $4.5 per million BTUs. The source pointed out that the "talks between the parties also discussed exporting gas to Egypt via Israel through the Arab gas pipeline to help Egypt fulfil its dire need of gas". The source also noted that Egypt suffers a shortage of gas, especially after the January revolution when the exploration and extraction of new quantities of natural gas had stopped. In 2012 Egypt cancelled an agreement signed in 2005 to provide Israel with nearly 1.7 billion cubic meters of natural gas annually for 20 years at a price ranging between 70 cents to 1.5 USD per million BTUs. The Arab Potash Company and Jordan Bromine Company signed an agreement with the U.S. Noble Energy, last February, to supply it with two billion cubic meters of natural gas from the Tamar field, off the coast of Israel for a period of 15 years and at a value of $771 million.

Home Business

Jordan may replace Egypt as Israel's natural gas supplier

20-05-2014 12:59 AM

Ammon News - AMMONNEWS - The Jordanian government is negotiating to supply Israel with natural gas to substitute the Egyptian gas for the same price; Jordan Al-Ghad newspaper said on Monday quoting an unnamed government official , Middle East Monitor reported.

The source said the Jordanian government offered to sell natural gas to Israel at $4.5 per million BTUs.

The source pointed out that the "talks between the parties also discussed exporting gas to Egypt via Israel through the Arab gas pipeline to help Egypt fulfil its dire need of gas".

The source also noted that Egypt suffers a shortage of gas, especially after the January revolution when the exploration and extraction of new quantities of natural gas had stopped.

In 2012 Egypt cancelled an agreement signed in 2005 to provide Israel with nearly 1.7 billion cubic meters of natural gas annually for 20 years at a price ranging between 70 cents to 1.5 USD per million BTUs.

The Arab Potash Company and Jordan Bromine Company signed an agreement with the U.S. Noble Energy, last February, to supply it with two billion cubic meters of natural gas from the Tamar field, off the coast of Israel for a period of 15 years and at a value of $771 million.

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