Today, Saturday, Jordan and Egypt signed a cooperation agreement on the operation of the gas infrastructure of the two countries, according to which the Egyptian side will use the floating storage and gasification facility in Aqaba for the remainder of the contract for the charter of the floating vessel.
The agreement was signed on behalf of the Jordanian side by Minister of Energy and Mineral Resources Saleh Harabsheh, and on the Egyptian side by Minister of Petroleum and Mineral Resources Tariq al-Mulla.
The Jordanian Ministry of Energy said in a statement that the agreement was made as part of joint cooperation between the two governments in the energy sector, in light of the government’s directives, and as part of the Jordan Electricity Company’s plan to reduce operating costs. Jordan’s electrical system and improve the reliability of the power supply of the two countries.
The agreement provides for the supply of liquefied natural gas from Egypt to the Jordanian side and the transfer of part of the volume of natural gas, if necessary, to Egypt through pipelines between the two countries.
The first agreement between the Egyptian Natural Gas Holding Company (EGAS) includes cooperation between the two parties to reduce the operating costs of LPG storage and gasification facilities through the joint use of a floating liquefied natural gas gasification unit (FSRU) at Sheikh Port. Sabah Al-Ahmad Al-Sabah in the Jordanian city of Aqaba to ensure the supply of gas to both countries in emergency situations in accordance with the rules that ensure the energy security of both countries.
The second agreement between the Egyptian company EGAS and the Egyptian company Fajr of Jordan also includes work on the supply of natural gas from Egypt through the infrastructure extending to Jordan, represented by the Arab gas pipeline linking the two countries, in order to meet the needs of the industrial sector in the Kingdom of Jordan, and also facilitating the implementation of plans to supply Jordan’s industrial cities with natural gas.