‘Resumption of export to alleviate budget strain’

By JT – Jan 13,2019 -JORDAN TIMES EDITORIAL

AMMAN — Jordan and Egypt on Sunday signed agreements under which the Kingdom will be provided with half of its needs of natural gas to generate electricity for 2019.

National Electric Power Company (NEPCO) Director General Amjad Rawashdeh, Egyptian Natural Gas Holding Company (EGAS) Director General Osamah Baqli and the Jordanian-Egyptian FAJR for Natural Gas Transmission and Supply Company Director Fuad Rashad signed the agreements in Cairo, an Energy Ministry statement said.

Energy Minister Hala Zawati, who attended the signing ceremony with her Egyptian counterpart Tarek El Molla, said that the deals include amendments to previous accords between the two countries regarding the purchase and sale of natural gas.

Under the agreements, Zawati added, Egypt will export to the Kingdom 50 per cent of its needs of natural gas during 2019, noting that the remaining quantity will be covered by Shell, the company which provides Jordan with liquefied gas through the Aqaba Port, and from local renewable resources.

The minister commended Egypt’s response to the Jordanian amendments to the deals, which should boost the Kingdom’s benefits from Egyptian natural gas.

MORE:

http://jordantimes.com/news/local/egypt-supply-kingdom-half-its-gas-needs-year