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Egyptian gas set to flow back into Jordan

Gas

Jordanian energy officials have said that gas supplies from Egypt will resume in mid-May following fears that a recent decision by the country’s interim government to annul its gas agreement with a neighbouring state would affect the Kingdom’s main source of energy

According to Albawaba Business, officials in Cairo said pumping would resume in mid-May following the conclusion of a series of meetings between Jordan minister of energy Qutaiba Abu Qura and Egypt petroleum minister Abdullah Ghorab.

Egypt will initially supply 150 million cubic feet per day to Jordan – a figure which falls short of the 220 million cubic feet agreed in a 14-year gas agreement signed between the two countries in 2002.

The report added that Jordan was also in the “final stages” of negotiations with Qatar over a gas deal, which could lead to the construction of a multi-million dollar terminal off the Port of Aqaba.

“There are many options before us, but we have yet to decide, which will be the most cost-efficient and quickest to construct,” a source from the Jordanian government told Albawaba Business.

“We would prefer to rely on local sources rather than spending funds on the construction of a gas terminal,” added the source.

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