Jordan regulates natural gas prices for local industries


29-10-2016 03:24 AM

Ammon News - AMMONNEWS - Jordan on Thursday signed a deal to regulate the price of natural gas to be supplied to industries in the country.

Under the agreement, signed by the Energy Ministry and the Jordanian-Egyptian FAJR for Natural Gas Transmission and Supply Company, the vital commodity will be sold to industries at the same rate it was purchased from international markets, Minister of Energy and Mineral Resources Ibrahim Saif said at the signing ceremony.

He added that 10 industrial facilities had already submitted requests to be connected to the gas pipeline in Jordan to receive natural gas.

The deal stipulates setting a clear and transparent mechanism of pricing natural gas for industries on a monthly basis.
In August, the government signed an agreement with the Jordanian-Egyptian company to provide local industries with around 70 million cubic feet of natural gas.

Industries will save around 20 per cent of their energy bill by using this fuel, according to the ministry.
Jordan, which imports about 97 per cent of its energy needs, opened a terminal for liquefied natural gas, that enabled the country to import large quantities and to compensate for the natural gas supplies from Egypt that were halted since early 2014.




  • no comments

Notice
All comments are reviewed and posted only if approved.
Ammon News reserves the right to delete any comment at any time, and for any reason, and will not publish any comment containing offense or deviating from the subject at hand, or to include the names of any personalities or to stir up sectarian, sectarian or racial strife, hoping to adhere to a high level of the comments as they express The extent of the progress and culture of Ammon News' visitors, noting that the comments are expressed only by the owners.
name : *
email
show email
comment : *
Verification code : Refresh
write code :