Wednesday 04 Dec
Egypt and Jordan have signed an agreement to utilize Egypt's existing floating storage and regasification units (FSRUs) to import liquefied natural gas (LNG) and supply Jordan for the next two years. This was announced by the Egyptian Ministry of Petroleum and Mineral Resources and confirmed by the Jordanian News Agency.
In a parallel move, the two countries are considering contracting with a global company to build a joint FSRU. This vessel would be used to receive, regasify, and inject LNG into their respective national grids. Currently, both nations are in the study phase of this project.
According to Jordanian Minister
of Energy Saleh Kharabsheh, Jordan will receive LNG from Egypt via existing
pipelines until the end of 2026. After this period, the newly constructed
onshore regasification unit in Aqaba will take over. Construction on this
terminal began this month.
Minister of Petroleum and Mineral
Resources Karim Badawy emphasized the agreement's role in strengthening
regional energy cooperation and securing supplies. He highlighted the benefits
of leveraging existing infrastructure.
The agreement is expected to reduce operational costs for the Aqaba LNG terminal and protect Jordan's local electricity company from global price volatility. This strategic partnership between Egypt and Jordan underscores their commitment to ensuring a reliable and affordable energy supply.
