Israelis partners sign deal with Jordanian gas company

The first deal to export gas from Israel’s Leviathan gas field was signed today between the Israeli gas partners and the Jordanian gas company. The deal will be valid for 15 years.
The Tamar gas field Photo Credit: Channel 2 News

Today (Monday), the Israeli gas partners signed a deal with the Jordanian gas company. According to the deal, Israel will supply the Arab country with gas from the Leviathan gas field. The deal is valid for 15 years and is worth an estimated $10 billion. This is the first exporting deal from the Leviathan gas field that the Israeli gas partners signed. The Leviathan gas field is schedule to begin operating in only about four years.

Senior level officials from the Israelis gas partners welcomed the signing of the deal. In addition, they mentioned that the gas deal will enable their companies to continue to develop the gas field.

In last December, JOL reported that one of the founders of Dolphinos, an Egyptian gas company, stated that his company wants to buy gas from Israel as soon as possible. In an interview with Channel 2 News, Khaled Abu Bakr added that it is a historic moment as now it is possible to combine the gas fields of Israel, Cyprus, and Egypt in the Mediterranean Sea in order to promote stability and peace as well as to develop economic ties between the three countries.

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