Partners in Israel’s Tamar Gas Field Sign $500 Million Export Deal With Jordan
JNS.org – The Houston-based company Noble Energy, on behalf of its partners in Israel’s Tamar offshore natural gas field, has signed a $500 million deal to export natural gas to Jordanian gas firms.
The contract, which was mediated by the U.S. State Department along with Israeli and Jordanian officials, will provide 1.8 billion cubic meters (66 billion cubic feet) of gas to Jordan’s Arab Potash and Jordan Bromine companies over 15 years, starting in 2016.
Previously, the Tamar partners signed a 20-year, $1.2 billion gas supply contract with the Palestinian Authority, which like Jordan has been hit hard by gas disruptions from Egypt.
“The execution of this agreement evidences the growing regional opportunities for our natural gas and brings forward value for the Tamar asset,” said Keith Elliot, Noble Energy’s Senior Vice President for the Eastern Mediterranean.