Earthquake hits Turkey-Iran border kills nine, injures more than 100    Tennis: Djokovic surprised by Federer knee surgery news    EU stocks sink on fears coronavirus is spreading in Italy;    Germany is top country sending tourists to Egypt    CI Capital posts an increase in net profit by 46% during 2019    'Racism has won,' says Chelsea defender Antonio Rudiger    Messi restores peace at Barcelona; Madrid in slump before City    Iran says 4 more died of new virus; total death toll at 12    Kuwait, Bahrain report coronavirus in people who visited Iran    Afghanistan confirms first case of coronavirus from three suspected    Is Nefertiti's long-looked-for mysterious mummy buried next to Tutankhamun's?    Egyptian Irrigation Minister discusses accomplishments of country's mission in Uganda    Social Solidarity Ministry to restructure its activities in cooperation with private sector: El–Kabbaj    Alexbank, EBRD sign $100m agreement    Al Ahly, Zamalek play 2nd Cairo Derby in less than 96 hours    Naguib Sawiris in talks to acquire 51% stake in Shalateen state-owned mining firm    Government's amendment to oil agreements, price review prompt industry to rise again: Shell    Libya National Army say 16 Turkish soldiers killed in fighting    Programme: Japanese Film Week kicks off at Cairo Opera House    Egyptian MP takes over presidency of Parliamentary Assembly of the Mediterranean    Amr Fahmy former CAF general-secretary, dies battling cancer    Lebanese hospital uses healing power of music to fight cancer    Iran raises death toll from coronavirus to 8, infections to 43    Iran's state TV: Hardliners win all seats for Tehran in vote    Italy coronavirus cases increase to more than 100    Brexit team seeks to evade Irish Sea checks on goods    Mohamed Ramadan: Former aviation minister says pilot deserves ban    Mahraganat: controversy over barring Egyptian street popular music    Saudi-led coalition says foiled Red Sea attack by Yemen's Houthis    70th Berlinale kicks off with My Salinger Year starring Sigourney Weaver    COVID-19 toll reaches 2,360 deaths, 77,700 infections so far    South Sudan president reappoints rebel leader Machar in unity government    Madbouly joins high-level African judiciary meeting on terrorism    Egypt's Sisi stresses commitment to success of Ethiopian dam negotiations    Al-Sisi discusses enhancing commercial cooperation with Chile    Mashrabia Gallery participates in 1-54 African Contemporary Art Fair Marrakech 2020 ( 22-23 February)    Cairo court acquits Mubarak's sons of stock market manipulation    Egypt seeks justice, development for Africa: PM    Egypt court acquits Alaa and Gamal Mubarak of the 'stock market manipulation' case    Soma Bay to host Golf Gourmet Week with 150 international golfers    Egypt court reverses order to release activist Alaa Abdel-Fattah from detention    Pompeo says Ethiopia-Egypt massive dam dispute could take months    Al Ahly play Zamalek for Egypt Super Cup in Abu Dhabi    Little Women on its way to become a classic    UEFA Champions League: defending champions Liverpool clash with Atletico Madrid    Chinese Grand Prix likely to be called off amid coronavirus concerns    Egypt's Golden Age actress, Nadia Lutfi, dies at 83    Egypt's President Sisi pardons some prisoners on 25 Jan. Revolution anniversary    







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





EGAS cuts gas exports to Jordan to 140 scf/day
It comes due to decline in Jordanian power plants' gas consumption in winter
Published in Daily News Egypt on 18 - 01 - 2020

The Egyptian Natural Gas Holding Company (EGAS) reduced gas exports to Jordan to about 140m cubic feet per day (scf/day), from 350m scf/day last month, in accordance to the quantities requested by Amman.
A source at EGAS told Daily News Egypt that the quantities of gas destined for Jordan have been cut, as the gas consumption of electricity plants decreased in winter.
The Egyptian government signed a 15-year agreement with Jordan in 2004 to provide 250m scf/day valued at $2.5 per one million British Thermal Units (BTU), but the government raised gas prices during April 2012, to reach $5 per one million BTU.
The source added that the contract signed between Egypt and Jordan is dynamic and subject to change periodically based on the required quantities of gas and the available reserves after fulfilling the needs of the local market.
He explained that the Egypt-Jordan gas pipeline can pump over 500m scf/day, and the quantities allocated for export are subject to increase/decrease in accordance with the requirements of Amman.
The source pointed out that exporting gas to Jordan achieves a higher economic return than LNG shipments at the present, due to the decrease in the value of LNG in global markets today.
Egypt has resumed exporting natural gas to Jordan since September 2018, with quantities ranging from 50m to 100m scf/day.
The source pointed out that the export of gas to Jordan contributed to Egypt's transformation into a regional centre for energy distribution in the region, after achieving self-sufficiency in gas.
The agreement between Egypt and Jordan provides the latter with imports of 10% of the needs of running its power stations from Egyptian natural gas.
Petroleum sector officials of both countries are following up on the execution position of joint projects and the strategies that have been put in place to provide and diversify energy sources, especially natural gas.


Clic here to read the story from its source.