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    Forbes: Israel Looks To Finalize Local Export Options, Beginning With Jordan

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Summary

Nearly 9 months after announcing a 15-year plan to ship Israeligas to Jordan, the kingdom has hinted that a long-term supply deal could finally be within view.

by: Sruthi

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Press Notes

Forbes: Israel Looks To Finalize Local Export Options, Beginning With Jordan

Nearly nine months after announcing a 15-year plan to ship Israeli natural gas to Jordan, the kingdom has hinted that a long-term supply deal could finally be within view.

In February, Israel and its production partners in the offshore Tamar natural gas field announced a $500 million, 15 year plan to sell gas to two Jordanian chemical companies. Marking the first time Israeli gas has been designated for sale beyond its own borders, the deal with supply 66 billion cubic feet to Jordan, according to Reuters.

The deal would provide some gas relief for Jordan, which has seen its imports threatened on several occasions over the last three years. Partially dependent on Egyptian gas to meet its domestic demands, Jordan experienced shortages beginning just after the collapse of the government of Hosni Mubarak. With government forces focused elsewhere, militant attacks increased in the country’s eastern Sinai Peninsula, including nearly 20 on eastbound gas pipelines.
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