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Israel

Giant Israel-Jordan gas deal in pipeline

September 3, 2014 20:27
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By

Orlando Radice,

Orlando Radice

1 min read

Israel is negotiating a $15 billion agreement to supply natural gas to Jordan.

If the deal goes through, Israel will pipe 1.6 trillion cubic feet of gas over a period of 15 years to the Hashemite Kingdom.

Texas-based Noble Energy jointly operates the giant Leviathan field from which the gas will be supplied.

Keith Elliott, Noble’s senior vice president for the Eastern Mediterranean, told Reuters: “We now have over 60 per cent of Leviathan’s initial capacity and 80 percent of targeted initial sales volumes secured.”

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