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Thursday, 8 March 2018

All conditions met to export gas from Leviathan to Jordan, partners say

The partners in Israel’s natural gas field Leviathan announced that all conditions have been met to allow the supply of gas to Jordan’s electric company, Reuters reports. “They said the capacity of the pipeline that will connect to Jordan via a direct pipeline and one that runs via Egypt would allow the flow of up to 10 bcm of gas a year.” The Leviathan partners signed a 15-year USD 10 bn agreement to supply 1.6 tcf of gas to Jordan’s National Electric Power Company in 2016.

Meanwhile, Noble Energy and Delek Drilling are looking to purchase the rights to use the East Mediterranean Gas Company’s pipeline to transport gas to its customers in Egypt, according to the newswire. The companies did not provide further details, but Delek said “there was no certainty” that talks will lead to a binding agreement. Reports had emerged last month that Delek and Noble had begun talks with EMG’s shareholders to acquire the company, and that the flow of EMG’s pipeline would be reversed if the agreement goes through. Delek and Noble had signed an agreement with Alaa Arafa-led Dolphinus Holding last month that would see the latter import USD 15 bn worth of gas from the former two.

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