FINANCIAL NEWS

Jordan signs USD10b gas export deal with Israel

27 Sep 2016

(MENAFN) Israel Leviathan natural gas field signed USD10bn deal in order to supply 1.6tr feet of gas to Jordan”s National Elect Power Co.

Moreover, the 15-year deal for Leviathan, which holds 22 feet of gas, should help the US-Israeli group secure funds to bring it online.

Additionally, shares in the Israeli partners, which involve Ratio Oil, Delek Group and its subsidiaries Avner Oil and Delek Drilling were halted by Tel Aviv Stock.

Last year, Israel confirmed plans for a 15.5 kilometer pipeline near the Dead Sea to export gas to Jordan.

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