Jordan Electric Power Company To Pay $15B For Leviathan Gas Over Five Years

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.