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Egypt raises its gas exports to Jordan to 350m scf/day - Daily News Egypt

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Egypt raises its gas exports to Jordan to 350m scf/day

We achieve higher economic return from exporting natural gas than liquefied gas: EGAS


The Egyptian Natural Gas Holding Company (EGAS) has increased exports of natural gas to Jordan’s power stations to about 350m cubic feet per day (scf/day) in December, compared to 300m scf/day in November, according to the quantities needed by Amman.

A source in the company told Daily News Egypt that the supply of gas to the Jordanian side was increased by about 50m scf/day this month, due to the growing demand in Amman.

He explained that the Egypt-Jordan gas pipeline can pump over 500m scf/day, and the quantities allocated for export are subject to increase in accordance with the requirements of Amman.

The source pointed out that exporting gas to Jordan achieves a higher economic return than LNG shipments at the present, due to the decrease in the value of LNG in global markets today.

The Egyptian government signed a 15-year agreement with Jordan in 2004 to provide 250m scf/day valued at $2.5 per one million British Thermal Units (BTU), but the government raised gas prices during April 2012, to reach $5 per one million BTU.

The source added that the contract signed between Egypt and Jordan is dynamic and subject to change periodically based on the required quantities of gas and the available reserves after fulfilling the needs of the local market.

Egypt has resumed exporting natural gas to Jordan since September 2018, with quantities ranging from 50m to 100m scf/day.

Topics: Exports Gas jordan

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https://dailyfeed.dailynewsegypt.com/2019/12/18/egypt-raises-its-gas-exports-to-jordan-to-350m-scf-day/
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