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As stated in the announcement, the goal of the agreement is to ensure supply Liquid natural gas For Jordan in emergency situations until the completion of the new Aqaba LNG port project, which is expected to be completed in the fourth quarter of 2026.
The contract was signed by Dr. Sufjan Batajne, General Manager of the National Electric Power Company (NEPCO), on behalf of the Egyptian Holding Company for Natural Gas (here) Company President, Engineer Yassin Mohamed, in the presence of the Minister of Energy and Mineral Resources, Dr. Saleh Al-Kharabsh, and the Egyptian Minister of Petroleum and Mineral Resources, Engineer Karim Badawi, and in the presence of officials from both countries.
For his part, Minister Kharabsheh said in a press statement after the signing that the main goal of the agreement is to use the resources of the two countries more efficiently and at lower costs, according to the official Jordanian News Agency.
He emphasized that the floating ship will be in use until the end of 2026, after which the onshore gasification unit that is currently being implemented in Aqaba will be used, stressing that the project of the new liquefied gas port was directly implemented by the contractor. during the current month.
Al-Kharabsha valued a strategic and prominent relationship on the ground Energy between the two parties, emphasizing the importance of the agreement signed today in favor of infrastructure to achieve partnership and work efficiency and reduce costs on both sides.
He described Jordanian-Egyptian relations as strategic and prominent in various fields, especially in energy cooperation, stressing that the two countries have accumulated experience in this field that can be used and maximized in the coming period, especially since the two countries have prominent infrastructure in the fields energy.
Agreement signed between Jordan And Egypt Regarding the supply of liquefied natural gas to Jordan using floating gas storage and gasification vessels (FSRU)
The agreement will run from now until the end of 2026 and will allow the Jordan National Electric Company to use liquefied gas ships on the Egyptian side.
The agreement was intended to ensure Jordan’s emergency supply of liquefied natural gas until the completion of the new Aqaba LNG port project, which is expected to be completed in the fourth quarter of 2026.
The agreement included prioritizing the use of gas ships between the two sides in case of simultaneous need, with an allocation of 350 million cubic feet per day to Jordan (50 percent of the capacity of one ship or 25 percent of the capacity of two ships).
The agreement allowed the Jordan Electric Company to use liquid gas without incurring fixed costs if there was no need for it.
The cost of used gas is estimated at about $3 million per shipment and $5 million for transportation through the Egyptian gas network, which means that the annual cost of liquefied gas to Jordan will not exceed $10 million.
The cost of the current Aqaba LNG port project is about $70 million per year, which shows the big difference between using liquefied gas through a contract and the high cost of the Aqaba gas port.
The agreement seeks to provide a flexible and cheaper alternative to supplying Jordan with liquefied natural gas while new infrastructure projects are being completed.
