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

Red Algae Can Treat Wounds And Infections
January 26, 2023

Freight Planner Lists on Nasdaq And Raises $80M
January 26, 2023

$6M Investment For “Lettuce Milk” Startup
January 25, 2023

Israel Has World’s Best Value Internet
January 25, 2023
Facebook comments