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Sunday, 29 May 2016

Israel-Jordan natural gas agreement to be signed soon

Senior figures in Israel’s natural gas sector expect an agreement to export natural gas to Jordan will be signed soon, according to Globes. That’s one example of a situation where Israel has the opportunity to take advantage of the gas not only for its own internal benefits but for a broader geopolitical benefit," Noble Energy’s senior VP Keith Elliott says. The Jordanian parliament also approved investments by Israeli companies in Jordanian infrastructure projects. Globes’ Hedy Cohen says the only obstacles remaining for a complete agreement between Israel and Jordan are the poor relations between the two countries and the regulatory issues in Israel. Israel is also looking to finalize an export agreement with Egypt, and Egypt is currently buying Jordan’s excess regasified LNG, with a plan to commission the FSRU docked in Aqaba fully from 2017.

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