Israel to Supply Offshore Gas to Jordan in New Deal
Israel is to supply Jordan with natural gas from its vast Leviathan offshore gas field over a period of 15 years, U.S. giant Noble Energy announced Wednesday.
A source close to the deal said it was worth $15 billion (11.4 billion euros) -- a significant chunk of some $60 billion which Prime Minister Benjamin Netanyahu has said will come from Israel's offshore gas exports.
Noble announced in a statement the "execution of a non-binding letter of intent to supply natural gas from the Leviathan field, offshore Israel , to the National Electric Power Company Ltd (NEPCO) of Jordan."
"Noble Energy and the Leviathan partners will supply a base gross quantity of 1.6 trillion cubic feet of natural gas from the Leviathan field over a 15-year term," it said.
Leviathan is majority-owned by three Israeli companies, with 40 percent owned by Noble.
A source close to the deal, who asked to remain anonymous, said it was worth some $15 billion, and hailed the deal as "important for Israel geo-politically to establish our relationship with Jordan and other Arab countries."
Export plans for the eastern Mediterranean have been taking shape over the past five years since Noble discovered the Leviathan field in Israeli waters.
The Leviathan field's size is estimated at 18.9 trillion cubic feet (535 billion cubic meters) of natural gas, along with 34.1 million barrels of condensate, and has been hailed as the largest gas deposit found in the world in a decade.
Netanyahu has said exports from Leviathan and another field, Tamar, would bring in some $60 billion to state coffers over the next 20 years.
Israel's natural gas finds are expected to sharply reduce its dependence on imports.
almost 11 years
shame on jordan for buying gas that was stolen from palestinians and feeding the israeli greed monster.
almost 11 years
There are principles not everything is business my friend , u should first stop stealing water before being proud of ur gas ,who knows if that gaz is not stollen either.
almost 11 years
Last time I looked at the map of the area, the Leviathan gas field is nowhere near where the territorial waters of the State of Palestine would be.
Jordan and Israel are in a state of peace, so why exactly should they not do business with each other?
The joke on you, of course, is that the Palestinian Authority (the future State of Palestine) also recognises the boundaries in the sea, and they themselves have bought gas from the Israelis.
almost 11 years
All of Palestine belongs to Palestinians. Zionists are foreign parasites who came to steal land and resources under false religious pretexts. The founders of zionism were actually atheists, only united by their common greed and lack of scruples.
almost 11 years
Could you please just solve one problem for me.
What is a Palestinian?
almost 11 years
sure, i guess in your hasbara lessons they never told you about it. it's very simple, they are the descendants of the peoples who have lived in Palestine over the last millenniums.
Now you can once again what Lebanon is loosing in not co-operating with
Israel.