September 4, 2014 | The Jordan Electric Power Company will purchase up to 45 billion cubic meters (BCM) of natural gas over a period of five years from Israel’s Leviathan gas field. The country is set to pay up to $15 billion for the gas and will receive 3 BCM each year for five years. According to estimates, Jordan consumes 4.5 BCM of gas annually, currently using diesel fuel and fuel oil as substitutes for natural gas. Jordan seems to have turned to Israel for gas following shortages in Egypt and problems with the Arab Gas Pipeline in Sinai.
Subscribe to NoCamels weekly newsletter and get our top stories
Related posts
Israeli Startup Rings Closing Bell At Nasdaq in NYC
March 28, 2024
Israeli, US Companies Unite To Make More Milk From Mushrooms
March 27, 2024
Facebook comments