10412
Jordan Wants to Import Gas From Gaza
Energy

Jordan Wants to Import Gas From Gaza

Jordan seeks to import 130 to 150 million cubic feet (3.6 to 4.2 million cubic meters) of natural gas per day from the Gaza Strip, according to the minister of energy and mineral resources, Mohammad Hamed.
Jordan is expected to sign a deal with British Gas Group, the company which has the rights for developing natural gas fields offshore Gaza, the minister was quoted by AMEinfo as saying.
“Meetings will be held very soon between the two sides to discuss the details of the agreement,” Hamed said.
The deal will be signed between the British company and the National Electric Power Company (NEPCO), according to the minister, who stressed Jordan’s strategic need to diversify its sources of cheaper and cleaner gas as Egyptian supplies have stopped because the pipeline, which was bombed several times, has not yet been fixed.
“We need natural gas for power generation because it is much cheaper than the diesel and heavy fuel that we are currently using in the process,” said the minister, adding: “Although we will still rely on gas as it is a cheaper source of energy, we will go ahead with plans for shale oil and renewable energy projects.”
Jordan consumes about 500 million cubic feet of natural gas per day for the production of electricity, according to the minister. Demand on electricity rises by about six per cent annually in Jordan.
Jordan imports about 96 percent of its annual energy needs at a total cost of 20 per cent of gross domestic product.

 

Short URL : http://goo.gl/ymvH9D

You can also read ...

UAE Substitutes Qatar Condensate With US Oil
The United Arab Emirates will import the country's first oil...
New Pipeline Will End Need for Turkmen Gas
The launch of a gas pipeline stretching from the city of Damghan...
NIDC Outlines Khuzestan Operations
By employing offshore and onshore rigs, the National Iranian...
The Caspian region is one of the world's oldest oil-producing areas.
In line with efforts to attract much-needed foreign funds to...
The SUMR project is at conceptual stage.
Researchers in the US are designing and looking to develop 50-...
1,400 MW Power Output Capacity Nearing Launch
Three major power plant projects with a combined output capacity...
Big Oil Learning to Live With $50 Crude
Big Oil is starting to beat the crude-market slump, as the...
Oil Near Eight-Week Highs
Oil prices firmed on Wednesday, holding near eight-week highs,...

Trending

Googleplus