Israeli Natural Gas to Save Jordan $1.5 Billion a Year

[Mosby]

Importing Israeli gas will save Jordan $1.5 billion a year according to a report published yesterday on the Israeli financial website Globes.

Last September, Jordanian power company Nepco signed a letter of intent with Noble Energy, which operates the Leviathan reservoir. The agreement is for 15 years, during which the partners in Leviathan will supply 3-4 BCM annually, amounting to 45 BCM over the contract period. The value of the deal is estimated at $15 billion.

From a technical standpoint, exporting gas to Jordan is the cheapest and quickest option, because the land-based gas pipeline that must be constructed for it is only a few kilometers long. The deal is also economically worthwhile for both sides. Jordan currently imports 97% of its energy, paying at least double what it would pay for Israeli gas. Estimates are that the Jordanian economy will save $1.5 billion a year by switching the purchase of Israeli gas. For their part, the Israeli gas partners will receive a higher price for the gas than they would have received in Israel.

http://www.thetower.org/1376-israeli-natural-gas-to-save-jordan-1-5-billion-a-year/

[Lugano]

1. Hey Oleevaw! Yes, you, RDO!

How's that BDS thing coming along?

Oh that's right, it isn't!

[King_David]

3. What BDS ?

The BDS movement hasn't reslly had much success beyond a few middle east fundamentalist country a few decades ago.

[Lugano]

4. Exactly. And why would Oleevaw continue to charge that Israel is an apartheid

and BDS is working



I don't see Israel as an apartheid country - do you?

[King_David]

5. A lot of armchair "militants" from Ireland And Sweden

See themselves as protectors and leaders of the Palestinians,such as the ISM, I can't speak for Olivaw though.

[Agnosticsherbet]

2. People in the middle east can get along when it is in eveyrone's economic interest.

[Dick Dastardly]

6. Agreed. I have always said business ties are one of the best ways to facilitate

and advance peace and cooperation between parties.
Businesses as a group usually have considerable clout within a society to promote their interests. Most business (with the exception of a few such as the weapons industry) prefer a peaceful stable environment and it is in their interest to promote such an environment.