Jordan agrees 15-year deal to buy gas from Israel

Jordan has signed an agreement with Israel for the supply of natural gas. Israel’s Tamar Gas Company will supply a total of 1.8 billion cubic metres over the 15-year term of the agreement, at a cost estimated between $500m and $700m.

According to Bloomberg, which broke the news, Jordan Bromine and Jordan Phosphate Mines companies will be the main beneficiaries.

The gas will be delivered through a pipeline from the Mediterranean coast to the potash factories, as well as through the Israeli pipeline network up to the border where it will be connected to the Jordanian network. It is expected that it will take about six months before the pipelines are ready for delivery to commence.