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Jordan's losses more than $5.2 billion from interrupted Egyptian gas supply

February 11, 2014 at 1:34 pm

Jordan’s Minister of Energy and Mineral Resources Mohammed Hamed has told the Anadolu news agency that the government’s cumulative losses as a result of interruptions in the delivery of Egyptian gas, which Jordan relies upon to generate electricity, will rise to $5.24 billion by the end of this year.

Hamid added that, “this year’s losses alone will amount to $300.3 million. The National Electricity Company, a wholly owned subsidiary of the state, currently relies on diesel and heavy fuel oil to generate its electricity.”

The line that provides Jordan with natural gas from Egypt has been bombed 16 times since former President Hosni Mubarak was ousted from power in February 2011, including once during the yearlong rule of President Mohamed Morsi.

Hamed has ruled out that Egyptian gas will resume supplying his country in the near future, as the line has not yet been fixed.