Egypt May Restart Gas Supplies to Jordan Next Month

Egypt is expected to restart natural gas supplies to Jordan in mid-May after officials from the two countries held series of meeting to discuss the issue.

Reports say that Egypt may initially begin with supplying 150 million cubic feet per day — well below the 220 million cubic feet stipulated in a 14-year gas agreement inked in 2002.

Meanwhile, reports also suggest that Jordan is close to inking a gas supply deal with Qatar. The final outstanding issue in these negotiations is the infrastructure required to receive and store liquid gas, which is likely to require the construction of a multimillion-dollar terminal off the Port of Aqaba.

Gas supplies from Qatar will be at market price and higher than Egyptian gas, which Jordan gets at below international market price.