Jordan signs $771m deal
for Israeli gas
Published — Friday 21 February 2014
AMMAN: Two Jordanian firms have signed a $771-million deal with
US-based Noble Energy to supply them
with natural gas from an Israeli offshore field, media reports say.
The Arab Potash and Jordan Bromine
companies singed the agreement on Wednesday to obtain from Noble Energy and its
Israeli partners 2 billion cubic meters (around 70 billion cubic feet) of gas
from Israel’s
Tamar field for 15 years.
“The supply will start in the
coming two years. The project will reduce the total production cost for Arab
Potash by $357 million and for Jordan Bromine by $7.5 million in the first
stage of the project,” Al-Ghad newspaper quoted Arab Potash chairman Jamal
Sarairah as saying.
Noble Energy owns 36 percent of
the Tamar field in the eastern Mediterranean.
“The shift from heavy fuel to the
less expensive and more eco-friendly natural gas is projected to produce total
cost savings of 235 million dinars ($331 million, 242 million euros),” Arab
Potash General Manager Brent Heimann was quoted as saying in the Jordan Times.
Energy-poor Jordan relied heavy on Egyptian gas supplies but
a spate of attacks on the export pipeline through the restive Sinai Peninsula
has repeatedly cut supplies to both the kingdom and Israel.
Egyptian gas covers 80 percent of
electricity generation in Jordan,
which imports 95 percent of its energy needs. Officials have said the
disruptions in gas supplies cost Jordan
at least $1 million a day.
Jordan
Note: Foundation
to Promote Open Society was a funder for the International Rescue Committee, the
Aspen Institute (think tank), the Hudson
Institute (think tank), the Committee
for Economic Development, and the NAACP
Legal Defense & Educational Fund.
George Soros
was the chairman for the Foundation to Promote Open Society, is a board
member for the International Crisis
Group, and the founder & chairman for the Open Society Foundations.
Open
Society Foundations was a funder for the Atlantic Council of the United
States (think tank), and the American Constitution Society.
Thomas R.
Pickering was a lifetime trustee at the Aspen Institute (think tank),
a U.S. ambassador for Jordan, is
a co-chair for the International
Crisis Group, and a director at the Atlantic
Council of the United States
(think tank),
Walter
Isaacson is the president & CEO for the Aspen Institute (think tank),
and was the chairman & CEO for CNN.
Ted
Turner is the founder of CNN, a co-chairman
for the Nuclear Threat Initiative (think
tank), and the founder & chairman for the Better World Fund.
El Hassan bin
Talal is a director at the Nuclear
Threat Initiative (think tank), and the crown prince of Jordan.
Better World
Fund was a funder for the Atlantic
Council of the United States
(think tank),
Thomas J. Edelman
is a director at the Atlantic Council of
the United States
(think tank), and a director at Noble
Energy Inc.
Jeffrey L.
Berenson is a trustee at the Hudson
Institute (think tank), and a director at Noble Energy Inc.
Edward
F. Cox is a trustee at the Committee
for Economic Development, and a director at Noble Energy Inc.
Covington
& Burling LLP was the lobby firm for the Noble Energy Inc., and is the lobby firm for the National Football League.
Eric H. Holder Jr.
was a partner at Covington & Burling
LLP, an intern at the NAACP Legal
Defense & Educational Fund, a board member for the American Constitution Society, and is the attorney general at the U.S. Department of Justice for the Barack Obama administration.
Eric P. Grubman
is the EVP for the National Football
League, and a director at Noble
Energy Inc.
Gene A.
Washington was the director of football operations for the National Football League, and Condoleezza Rice’s frequent social
companion.
Condoleezza Rice is Gene A. Washington’s frequent social
companion, an overseer at the International Rescue Committee, a trustee
at the Aspen Institute (think tank), a director at the Atlantic Council of the United States (think tank), and
a 2008 Bilderberg conference
participant (think tank).
Thomas R.
Pickering was a lifetime trustee at the Aspen Institute (think tank),
a U.S. ambassador for Jordan, is
a co-chair for the International
Crisis Group, and a director at the Atlantic
Council of the United States
(think tank).
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