Egyptian pound wavers vs. USD in early trade    SCZONE showcases investment opportunities to eight Japanese companies    Egypt urges Israel to accept Gaza deal amid intensifying fighting    Egypt, ADIB explore strategic partnership in digital healthcare, investment    Egypt's PM meets Tokyo governor, witnesses signing of education agreements    Egypt welcomes international efforts for peace in Ukraine    Al-Sisi, Macron reaffirm strategic partnership, coordinate on Gaza crisis    Egypt's Sisi, France's Macron discuss Gaza ceasefire efforts in phone call    Contact Reports Strong 1H-2025 on Financing, Insurance Gains    Egypt, India's BDR Group in talks to establish biologics, cancer drug facility    AUC graduates first cohort of film industry business certificate    Egypt to tighten waste rules, cut rice straw fees to curb pollution    Indian tourist arrivals to Egypt jump 18.8% in H1-2025: ministry data    Egypt prepares unified stance ahead of COP30 in Brazil    Egypt recovers collection of ancient artefacts from Netherlands    Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures    Egypt, Namibia explore closer pharmaceutical cooperation    Fitch Ratings: ASEAN Islamic finance set to surpass $1t by 2026-end    Renowned Egyptian novelist Sonallah Ibrahim dies at 88    Egyptian, Ugandan Presidents open business forum to boost trade    Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken'    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt, Huawei explore healthcare digital transformation cooperation    Egypt's Sisi, Sudan's Idris discuss strategic ties, stability    Egypt to inaugurate Grand Egyptian Museum on 1 November    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Daily exportation of 250m cubic feet of gas to Jordan electricity plant to be resumed in early 2019
Price of gas amended in new agreement with Amman, says source
Mohamed Adel Published in Daily News Egypt on 23 - 09 - 2018

The Ministry of Petroleum has concluded the final negotiations with Jordan regarding signing a new agreement to export Egyptian gas to Jordan electricity plant, in order to supply nearly 250m cubic feet of gas starting next year.
An official at the Ministry told Daily News Egypt that a new agreement would be signed with the Jordanian side to export about 250m cubic feet of gas daily, with prices different from prices originally stipulated in the previous agreement.
The official pointed out that Egypt would continue exporting natural gas to Jordan in early 2019 through the pipeline linking Egypt and the Jordanian lands, which would be the start of turning the country into a regional hub to distribute energy, and then later achieve self-sufficiency of gas.
The recent talks between the Egypt's minister of petroleum and his Jordanian counterpart included agreeing on the return of Egyptian gas to Jordan, in addition to amending some articles in the agreement of gas exportation.
The Jordanian Ministry of Energy said in a previous statement that the agreement stipulates that about 10% would be exported from Egypt to generate electricity. This came following the visit of the Jordanian Minister of Energy and Mineral Resources Hala Zawati to Egypt last week.
The Egyptian government signed an agreement with Jordan in 2004 for a duration of 15 days to supply 250m cubic feet of gas daily, costing $2.5 for 1m thermal units, however, the government increased the prices of gas in April 2012 taking the price to $5 per 1m thermal units.
The natural gas line connected to Jordan was bombed several times since the 25 January Revolution by anonymous individuals, which resulted in the process of pumping gas being briefly disrupted.
The Egyptian government then resumed to pump gas to Jordan, but in lesser amounts than agreed upon after Hesham Kandil, the former prime minister, signed an agreement with his Jordanian counterpart in August 2012 stipulating that Egypt is committed to pumping about 100m cubic feet of gas to Jordan on a daily basis, however, the agreement did not last for long, as the line was hit again by the crisis of gas shortage in the local market, thus exporting gas stopped again in late 2012.

Clic here to read the story from its source.