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Thursday, September 04, 2014

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 the memorandum.
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 β€œa historic act that will strengthen the economic and diplomatic ties between Israel and Jordan.”
β€œAt 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.
I'm sure the Egyptians are thrilled.... Well, like we always say, business is business.

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At 5:18 PM, Blogger Sunlight said...

So does this mean that Israel will stop participating in the anti-carbon War on the Poor that the Gaia Green $lu$h Progressive enterprise is? And, BTW, these $15 Bil in commercially earned revenue will provide for LOTS of development in Israel. I hope we just keep going with the military cooperation funding and teaming $Billions and not the Gaia Green and Google Big Data $lu$h that siphons the US Treasury. This Leviathan project looks fabulous!


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