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- Jordan -Growth in Exports Offsets Drain in Current Account Balance
Jordan -Growth in Exports Offsets Drain in Current Account Balance
- By Oil and Gas Author
- Published 09/6/2006
- Petroleum Pipeline , Offshore Drilling , Liquefied Natural Gas LNG , Exploration and Discoveries , Natural Gas Petroleum , Crude Oil Petroleum
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Oil and Gas Author
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View all articles by Oil and Gas AuthorIn August 2003, Jordan began imports of Natural Gas from Egypt. In May 2001, a 30-year agreement had been concluded with Egypt for gas sales to begin at a rate of 100 Mmcf/d beginning in 2003. Construction of the section of the Pipeline in Egypt began in late 2001, starting from the existing pipeline terminus at El-Arish in Sinai. This section was completed in mid-2003, allowing deliveries to begin to one power plant at Aqaba. The second phase of the project, which will connect to the Rihab power plant in northern Jordan, is currently under construction and scheduled for completion by then end of 2005.
Arab governments also have been discussing the potential of extending the Egypt-Jordan pipeline and increasing its capacity - dubbed the Arab Gas Pipeline (AGP) project. The extensions under discussion include links to Syria and Lebanon and an extension to Turkey. At present, though, it seems unlikely that an extension to Turkey will be built in the near term.
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Jordan -Growth in Exports Offsets Drain in Current Account Balance
