Sunday, October 24th | 18 Heshvan 5782

Subscribe
February 19, 2014 10:48 am
0

Partners in Israel’s Tamar Gas Field Sign $500 Million Export Deal With Jordan

avatar by JNS.org

Natural gas from Israel's Tamar field began flowing to customers in 2013. Photo: Screenshot / Youtube.

Natural gas from Israel's Tamar field began flowing to customers in 2013. Photo: Screenshot / Youtube.

JNS.orgThe 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.

Share this Story: Share On Facebook Share On Twitter

Let your voice be heard!

Join the Algemeiner

Algemeiner.com

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.