BREAKING NEWS

Egypt resumes gas deliveries to Jordan, not Israel

By AMIRAM BARKAT/GLOBES

MAY 17, 2012 14:51

Egypt has resumed natural gas deliveries to Jordan, even as it has severed supplies to Israel and cancelled the gas sale contract with East Mediterranean Gas Company (EMG), in which Yosef Maiman in a shareholder, Globes reported Thursday.

Until now, both Israel and Jordan were affected by the multiple attacks on gas pipelines in Sinai, which halted deliveries for 200 days in 2011, and stopped them almost entirely since the beginning of 2012. However, while deliveries to Jordan are due to resume this month, Israel will get nothing. The Egyptian Natural Gas Company (GASCO) announced that deliveries to Jordan will gradually increase from 500 million cubic meters a year to more than 1.5 billion cubic meters (BCM)

Jordan consumes 3.5 BCM of natural gas a year, most of which is supplied by Egypt, under a 2002 agreement. Before the fall of the Mubarak regime in February 2011, Egyptian gas generated 80% of Jordan's electricity, compared with 20% of Israel's.

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