Israel becoming Jordan's chief supplier of natural gas
Israel has signed an agreement to provide the Kingdom of Jordan with $15 billion worth of natural gas from its Leviathan well over the next 15 years. The Leviathan well is located some 81 miles west of Haifa. It's the largest natural gas deal Israel has ever signed and will make Israel the Kingdom's chief natural gas supplier
The new deal is the largest collaboration with
Jordan to date, and will make Israel its chief supplier, according to
the Globes business news website.
The final agreement will be subject to the
approval of Energy and Water Minister Silvan Shalom, who is expected to
confirm it. According to Globes, the US was involved in the
negotiations. US envoy Amos Hochstein was said to attend the signing of
Representatives of the Delek Group Ltd. and Nobel Energy Inc. were in Jordan to sign the agreement.
Shalom hailed the agreement, and referred to
it as “a historic act that will strengthen the economic and diplomatic
ties between Israel and Jordan.”
“At this time, Israel is becoming an energy
superpower, which will supply the energy needs of its neighbors and
strengthen its standing as a central source of energy supply in the
region, and I welcome it,” he said in a statement.
In February, Israel signed a deal with Jordan
to supply $500 million worth of gas to the Hashemite kingdom from the
Tamar natural gas field in the Mediterranean.
The Jordanians turned to Israel because their
supply of natural gas from Egypt had been halted by repeated terrorist
attacks on the gas pipeline from Egypt, a Channel 2 report said.
Labels: Jordan, Leviathon well, natural gas, oil and gas exploration