Gas exports to Jordan are set to rise with the signing of two agreements late Saturday to facilitate liquefied natural gas (LNG) storage, according to official statements from both countries.
Under the first agreement, Egypt will use a Floating Storage Regasification Unit (FSRU) at the Al-Sheikh Sabah Al-Ahmad Al-Sabah Terminal in Aqaba, Jordan through 2025, a statement from Jordan’s Ministry of Energy and Mineral Resources said on Saturday.
Senior officials from the Egyptian Natural Gas Holding Company (EGAS) and Jordan’s National Electric Power Company (NEPCO) signed the agreement.
Amjad Al-Rawashdeh, director general of NEPCO, said Egypt will supply Jordan with LNG and a separate amount of natural gas that can re-pumped to Egypt if needed through pipelines.
The agreement will reduce costs of LNG storage and to secure gas supplies for both countries, according to a recent statement from Egypt’s Ministry of Petroleum and Mineral Resources.
Under the terms of the second agreement, Egypt will supply Jordanian industry with natural gas.
The second agreement was signed by EGAS and the Jordanian-Egyptian Fajr Company.
In January, Egypt and Jordan signed an agreement to supply natural gas to the industrial city of Quweira in Aqaba, Jordan.
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