Israel Plans to Sell Natural Gas to Jordan

4 Sep 2014   Israel, Jordan

A group of Israeli companies has signed a preliminary deal to export natural gas from the country’s offshore Leviathan field to Jordan. Reuters JERUSALEM—A group of Israeli energy companies said Wednesday they have signed a letter of intent to sell natural gas to a Jordanian power company, in a potentially multibillion-dollar deal that could strengthen ties between the two Middle East neighbors. The Israeli companies said they would supply 45 billion cubic meters of gas over 15 years from the offshore Leviathan field to Jordan’s state-owned National Electric Power Co. The companies—which include U.S.-based Noble Energy Inc. ‘s Noble Energy Mediterranean Ltd. unit, along with Israel’s Delek Drilling LP, Avner Oil Exploration LP and Ratio Oil Exploration LP—didn’t disclose the value of the deal. Delek Drilling and Avner declined to comment on the deal. Israeli media have reported that the deal is valued at roughly $15 billion. The Israeli […]

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