{"id":46914,"date":"2016-09-27T15:50:55","date_gmt":"2016-09-27T13:50:55","guid":{"rendered":"http:\/\/www.reunion68.se\/?p=46914"},"modified":"2016-09-27T15:58:03","modified_gmt":"2016-09-27T13:58:03","slug":"27-00-12","status":"publish","type":"post","link":"https:\/\/www.reunion68.se\/?p=46914","title":{"rendered":"Israel consortium signs \u2018historic\u2019 15-year, $10b gas deal with Jordan"},"content":{"rendered":"
\"The
\n<\/a>Israel consortium signs \u2018historic\u2019 15-year, $10b
\ngas deal with Jordan<\/a><\/strong><\/span><\/h5>\n

Tamar Pileggi and AFP<\/strong><\/span><\/p>\n

\n

Amman electric company to purchase 45 billion cubic meters of gas from Leviathan field in the Mediterranean<\/strong><\/span><\/p>\n

\"AnAn aerial view of the Israeli ‘Tamar’ gas processing rig 24 km off the Israeli southern coast of Ashkelon. Noble Energy and Delek are the main partners in the oil field, October 11, 2013. (Moshe Shai\/FLASH90)<\/span><\/em><\/p>\n

An Israeli gas consortium on Monday signed what Israel called a \u201chistoric\u201d $10 billion deal with the Jordan Electric Power Company to supply the Hashemite Kingdom with natural gas for 15 years.<\/span><\/p>\n

The agreement will provide Jordan with a total of approximately 45 billion cubic meters of gas from the Leviathan offshore gas field, turning Israel into its largest gas supplier.<\/span><\/p>\n

The Leviathan consortium, which includes the US-based Noble Energy and Israel\u2019s Delek Group, aims to bring the massive Leviathan oilfield online in 2019. The field is thought to contain over 500 billion cubic feet of gas and is expected to transform Israel into a regional energy powerhouse.<\/span><\/p>\n

Energy Minister Yuval Steinitz (Likud) on Monday praised the deal as \u201can extremely important national achievement.\u201d<\/span><\/p>\n

\u201cThis is an important milestone in strengthening the ties and strategic partnerships between Israel and Jordan and the entire region,\u201d he said, according to Channel 10.<\/span><\/p>\n

Delek Drilling CEO Yossi Abu said the deal marked \u201ca historic day,\u201d according to the Hebrew-language NRG website. The agreement \u201cestablishes the Leviathan oilfield as a serious player on the energy map,\u201d he said.<\/span><\/p>\n

\u201cSupplying natural gas to Jordan will enable our neighbors in Jordan to benefit from efficient, clean and cheap energy, just like the citizens of Israel,\u201d he said. \u201cIt will contribute to the prosperity of Israel and Jordan and will strengthen ties and active partnerships between the two.\u201d<\/span><\/p>\n

\u201cThe Leviathan consortium will continue to push forward additional deals including with Egypt, Turkey and the Palestinian Authority,\u201d he added.<\/span><\/p>\n

One of the sticking points of the deal had been who would build the pipeline between the two countries, according to the Financial Times. The 26-kilometer (16 mile) pipeline is expected to cost around $70 million. It was not immediately clear whether the issue was resolved.<\/span><\/p>\n

In 2014, Israel signed a separate deal with Jordan to supply $500 million worth of gas to the Hashemite Kingdom from the Tamar natural gas field in the Mediterranean.<\/span><\/p>\n

Leviathan, discovered in 2010, is estimated to hold 18.9 trillion cubic feet (535 billion cubic meters) of natural gas, along with 34.1 million barrels of condensate.<\/span><\/p>\n

Development of its own energy resources is seen as a major strategic asset for Israel, which has no oil and little water.<\/span><\/p>\n

Noble-Delek\u2019s proposed deal to develop Leviathan and number of other natural gas reserves discovered offshore Israel in recent years has faced persistent opposition from critics who say the partnership would create a monopoly in the gas market and lead to higher prices for Israeli consumers.<\/span><\/p>\n

Over the last year, Prime Minister Benjamin Netanyahu has performed political cartwheels to override Knesset and public opposition to the consortium\u2019s proposal before finally pushing an amended deal through the cabinet in May.<\/span><\/p>\n

Netanyahu touts the gas deal as having the potential to bring would bring energy self-sufficiency and billions of dollars in tax revenues and transform Israel into a regional energy powerhouse.<\/span><\/p>\n

Israel is reportedly in gas exportation talks with Turkey, Egypt, the Palestinians and the European Union.<\/span><\/p>\n

Tamar Pileggi and AFP contributed to this report.<\/span><\/p>\n

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Israel consortium signs \u2018historic\u2019 15-year, $10b gas deal with Jordan Tamar Pileggi and AFP Amman electric company to purchase 45 billion cubic meters of gas from Leviathan field in the Mediterranean An aerial view of the Israeli ‘Tamar’ gas processing rig 24 km off the Israeli southern coast of Ashkelon. Noble Energy and Delek are […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[3],"tags":[26,24],"_links":{"self":[{"href":"https:\/\/www.reunion68.se\/index.php?rest_route=\/wp\/v2\/posts\/46914"}],"collection":[{"href":"https:\/\/www.reunion68.se\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.reunion68.se\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.reunion68.se\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.reunion68.se\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=46914"}],"version-history":[{"count":7,"href":"https:\/\/www.reunion68.se\/index.php?rest_route=\/wp\/v2\/posts\/46914\/revisions"}],"predecessor-version":[{"id":46934,"href":"https:\/\/www.reunion68.se\/index.php?rest_route=\/wp\/v2\/posts\/46914\/revisions\/46934"}],"wp:attachment":[{"href":"https:\/\/www.reunion68.se\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=46914"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.reunion68.se\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=46914"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.reunion68.se\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=46914"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}