Friday, February 21, 2014

The King of Jordan and Isarel

"This week, Israel and its production partners in the offshore Tamar natural gas field announced a $500 million, 15 year plan to sell gas to two Jordanian chemical companies. Marking the first time Israeli gas has been designated for sale beyond its own borders, the deal with supply 66 billion cubic feet to Jordan, according to Reuters. The deal provides some gas relief for Jordan, which has seen its imports threatened on several occasions over the last three years. Partially dependent on Egyptian gas to meet its domestic demands, Jordan experienced shortages beginning just after the collapse of the government of Hosni Mubarak." (thanks Regan)