Israel, Jordan Sign $10 Billion Gas Deal
on September 28, 2016
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Companies in Israel's natural gas field has signed a $10 billion agreement with Jordan to supply the country with gas, thus pushing Israel into a natural gas powerhouse. The Wall Street Journal reported:
Noble Energy Inc. of Houston and its partners in the Leviathan gas field will supply Amman-based National Electric Power Co. with 1.6 trillion cubic feet of gas over 15 years, the company said. Leviathan is the largest natural-gas reserve in Israeli waters. The country’s officials hope development of the field can spur regional exports and deepen economic and diplomatic ties with some traditionally hostile neighbors such as Jordan, which has few energy sources of its own.








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