Kingdom to import enough gas to meet quarter of national electricity demand
Jordans Ministry of Energy & Mineral Resources (MEMR) has signed a five-year deal with UK-Dutch energy major Shell for the supply of liquefied natural gas (LNG) to the kingdom.
The agreement, which was signed on 21 January, has the value of several billion dollars, according one of the ministrys legal advisers on the deal, Trowers & Hamlins.
Starting from July, Shell will supply 150 million cubic feet a day (cf/d) of LNG to the terminal in Aqaba on the Red Sea. This covers about 25 per cent of the National Electric Power Companys daily needs for power generation.
The LNG will provide an alternative to the use of diesel and heavy fuel oil that Jordan currently imports to generate electricity.
In July 2013, Jordan signed an agreement with Golar LNG to install a floating storage and regasification unit (FSRU) off the coast of Aqaba.
Follow Mark Watts on Twitter: @MEEDMark
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