Jordan’s National Electric Power Company (NEPCO) and the Jordanian-Egyptian FAJR for Natural Gas Transmission and Supply Company have signed two gas supply deals, Jordan Times reports.
Under the first agreement, 4 million standard cubic feet per day (mscf/d) of natural gas will be provided to the Jordan Phosphate Mines Company (JPMC). The deal will help cut energy cost at the company’s industrial complex in Aqaba by 20%, according to JPMC Chairman Mohammad Thneibat.
The second agreement was signed with Nuqul Group, according to the Jordanian Ministry of Energy.
Natural gas will contribute to reducing energy costs in factories by 25-55%, said Jordan’s Minister of Energy, Hala Zawati, noting that the special tax imposed on natural gas for industrial consumption has been cut to 7% from 16%. Companies working in natural gas transmission have been granted a three-year special exemption.