Egypt, Jordan Sign Two Natural Gas Cooperation Agreements

Egypt, Jordan Sign Two Natural Gas Cooperation Agreements

Minister of Petroleum and Mineral Resources Tarek El Molla and Jordanian Minister of Energy and Mineral Resources Saleh Al-Kharabsheh witnessed the signing of two natural gas agreements in the Jordanian capital Amman.

The first agreement was between the Egyptian Natural Gas Holding Company (EGAS) and the National Electric Power Company (NEPCO). The agreement promotes bilateral cooperation in reducing the operational costs of the liquefied natural gas (LNG) storage and gasification facilities through the joint use of the floating gasification unit for liquefied natural gas (FSRU) in the port of Sheikh Sabah Al-Ahmad Al-Sabah in the Jordanian city of Aqaba. This is to secure the supply of gas to both countries in emergency situations and in accordance with the frameworks that maintain their energy security.

The agreement was signed by Magdy Galal, President of EGAS, and Amjad Al-Rawashdeh, General Manager of the Jordanian National Electricity Company.

The second agreement was between EGAS and the Jordanian-Egyptian Fajr. It includes work to supply natural gas from Egypt through the infrastructure extended to Jordan, mainly the Arab gas pipeline linking the two countries. The agreement will hell provide the needs of Jordan’s industrial sector.

The agreement was signed by Galal, and Fouad Rashad, Chairman of the Jordanian-Egyptian Fajr Company.

El Molla affirmed that the signing of the agreements is an embodiment of the strength of bilateral natural gas cooperation, and the continuous development that benefits both countries. He highlighted that this is especially since Egyptian President Abdel-Fattah El Sisi and King Abdullah II of Jordan provided strong support for Egyptian-Jordanian integration.

This integration achieves the optimal exploitation of the two countries’ potentials and the common benefits of infrastructure, the natural gas network extending between the two countries, and energy sources.

For his part, Al-Kharabsheh said that the signing of these agreements comes as a continuation of the extraordinary efforts to accomplish the delivery of gas, through the implementation of the “vision of economic modernization” as one of the priorities of the energy sector. This is in addition to benefiting from the diversity of gas sources for the main natural gas network located in the southern Jordanian city of Aqaba extending to the Jordanian-Syrian border, which will provide an attractive climate for investment in Jordan.

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Sarah Samir 3498 Posts

Sarah has been writing in the oil and gas field for 8 years. She has a Bachelor Degree in English Literature. She has three years of experience in the banking sector.


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