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Ammon News - Ahmad alhyari- * Israel sold Jordan 2 billion cubic feet of gas in 9 months

* Delek Drilling: Transportation via the Jordanian pipeline prevented a decline in revenues

* Israel supplied gas to Egypt through the Jordanian transportation system after the Operation Al-Aqsa Flood

* It is expected that Israeli gas transfer to Jordan will increase from 6.5 billion cubic meters to 10.5 billion cubic meters

The Jordanian government allocated about JD2.3 million to the Israeli gas pipeline project, in the draft 2024 budget, as part of its capital projects and to complete the implementation of the project after spending JD2.34 million in 2023, and approximately JD3 million in 2022.

The government also allocated an indicative amount of about JD2.9 million for the project, which is called 'Implementation of the Natural Gas Pipeline/Sheikh Hussein Crossing', for the year 2025, and JD3 million for the year 2026.

Most of these allocations came within the Ministry of Energy’s program related to developing the energy sector, to acquire and purchase land, according to data from the draft 2024 budget.

The number of natural gas supply sources in Jordan reached 4 sources, which are Israeli gas, Egyptian gas, the floating gas ship in Aqaba, and Risha Gas Field, so that the percentage of natural gas’s contribution to electricity generation in 2023 reached approximately 61%, declining from 80% recorded in 2020.

In the same context, the quarterly report of Delek Drilling, which is responsible for exploration in the Leviathan field, revealed that the quantities of Israeli gas sold to Jordan, from the beginning of 2022 until the end of the third quarter of the year, were about 2 billion cubic feet.

The report, which was seen by Ammon News Agency, showed that on July 3,2023, it was agreed to to increase the quantities of Israeli natural gas that would be supplied to the National Electric Power Company (NEPCO) on a fixed and temporary basis for several months in 2023-2024, and that the minimum annual quantity that the NEPCO pledged to to take or pay in 2023-2024 is would be increased accordingly, and is expected to increase natural gas transportation capacity from 6.5 billion cubic meters to 10.5 billion cubic meters.

The report contained details of the suspension of production in the Leviathan and Karish fields after the Operation Al Aqsa flood, noting that shortly after the Israeli aggression on the Gaza Strip, gas production from the Tamar reservoir was suspended according to an Israeli government order.

The Israeli Ministry of Energy on November 9, 2023 informed the operator of the Tamar Reservoir of the possibility of resuming its operation, the report showed.

The East Mediterranean Gas Company (EMG) notified Blue Ocean Energy (the gas consumer in Egypt) of the existence of force majeure circumstances preventing the supply of gas to Egypt via the East Mediterranean Pipeline, and therefore, since the outbreak of the war, all gas supplied has been transferred to Egypt through the Jordanian transportation system, which entails additional transportation costs, the report stated.

Gas supplies resumed via the Eastern Mediterranean Gas Pipeline on November 14, 2023, and the amount of natural gas supplied to Egypt in October constituted 82% of the monthly contractual quantity that Leviathan Partners pledged to supply.

The report also revealed that transportation via the Jordanian pipeline led the Leviathan Partners company not to expect losses in its revenues for the fourth quarter of 2023, despite the war.

According to the company's estimates, due to the restoration of supplies through the EMG pipeline on November 14, 2023, no material decline in the company's revenues and profits is expected in the fourth quarter of 2023, nor is a material change expected in the discounted cash flow data included in the company's immediate report on March 19, 2023.