Jun 13 2011
|more articles from|
Jordan to receive Egypt gas at full capacity by month end
Egypt resumed the supplies to the Kingdom on Friday as part of a new agreement between Cairo and Amman.
According to the National Electric Power Company ( NEPCO ), 70 million cubic feet of natural gas have reached the Kingdom over the last two days, alleviating pressure on power plants that have been running on diesel and fuel reserves since an April 27 attack on the Arab Gas Pipeline disrupted the supply.
The resumption of Egyptian gas comes ahead of the signing of a deal struck between the two sides last week amending a 12-year favourable pricing agreement under which Jordan received gas at less than half the international market price.
April's attack on the Arab Gas Pipeline marked the second in less than three months and forced the Kingdom's power plants onto diesel and heavy oil reserves at an estimated cost of $3 million per day.
Also yesterday, Minister of Energy and Mineral Resources Khaled Toukan received "promising" preliminary results of a geological survey of Al Rishah gas fields.
According to the survey's results, British Petroleum will proceed with drilling the first exploration wells under the project, which aims to boost production from the gas fields from 330 million cubic feet to some one billion cubic feet per day.
© Jordan Times 2011
© Copyright Zawya. All Rights Reserved.
More in Oil & Gas
- UPDATE 1-Korean women scrap meeting Japanese mayor over brothel remarks
- REFILE-Elderly Korean women cancel meet with Osaka mayor over war brothel remarks
- Korean "grannies" cancel meet with Osaka mayor over war brothel remarks
- Solar plane completes second leg of cross-country flight in Texas
- College student snares record long Burmese python near Miami
- There's More