search
Front > News

Leviathan gas begins flowing to Jordan

Leviathan Photo: Albatross
Leviathan Photo: Albatross
2 Jan, 2020 9:02
שלח תגובה במיילGlobes correspondent

Jordan's National Electric Power Company said that experimental pumping is taking place prior to commercial supply.

Jordan's National Electric Power Company (NEPCO) has said that the experimental supply of natural gas by US-based Noble Energy Inc. started yesterday. "The experimental pumping, which will last three months, is aimed at testing the infrastructure prior to the actual commercial supply," NEPCO added.

NEPCO continued, "The gas supply is in line with an agreement signed between the two companies in 2016. Under the agreement, Noble Energy will provide gas worth $15 billion dollars to the Kingdom for a period of 15 years, or 300 million cubic feet on a daily basis."

No mention in NEPCO's statement was made of either Israel or Leviathan because the agreement to buy Israeli gas is unpopular with many in Jordan. Last year Jordan's parliament voted to scrap the deal.

Noble Energy operates the Leviathan gas field, 130 kilometers off the coast of Haifa, which began streaming gas on Tuesday. The other partners in the field, which has 500 BCM of gas, are Israeli companies Delek Drilling LP (TASE: DEDR.L) and Ratio Oil Exploration (1992) LP (TASE:RATI.L).

Published by Globes, Israel business news - en.globes.co.il - on January 2, 2020

© Copyright of Globes Publisher Itonut (1983) Ltd. 2020

Leviathan Photo: Albatross
Leviathan Photo: Albatross
Inflation credit: Tali Bogdanovsky March CPI higher than expected, housing prices rise

The March reading brings annual inflation in Israel down to 3.3% from 3.4% at the end of February.

Ben Gurion airport credit: Tali Bogdanovsky Abundance of affordable last minute Passover flight deals

The return of foreign airlines to Israel has brought down fares dramatically even for last minute vacations.

Karish rig credit: Eyal Izhar Kesem Energy signs gas deals worth $2.8b

The power plant, scheduled to begin operating in 2029, will buy gas worth $2 billion from Energean and a further $700-800 million from the Tamar partners.

Kosher for Passover Coca Cola bottles credit: social media Why are yellow cap Coca Cola bottles different from all others?

Nostalgic Coca Cola aficionados claim that the kosher for Passover version, made from sugar cane instead of high fructose corn syrup, is the genuine taste of the soft drink.

Avigdor Willenz credit: Intel Exclusive: Avigdor Willenz's Element Labs raises $50m

The Israeli startup is developing AI processors for inference, the stage in which AI models are activated after they have already been trained.

Ilya Sutskever credit: Cadya Levy SSI hiring dozens in Israel

AI company Safe Superintelligence is hiring many dozens of people in Tel Aviv, "Globes" has learned.

Johny Srouji credit: Amos Ben Gershom GPO Apple SVP leads senior delegation of execs to Israel

Jony Srouji: I am always filled with renewed energy and optimism about our shared achievements when I visit our R&D centers here.

Israeli apartments Credit: Shutterstock Apartments sold and rented

A selection of recent real estate deals in Israel in Tel Aviv, Ramat Gan, Petah Tikva, Givat Shmuel, Tiberias and Dimona.

Infinity Tower Tel Aviv credit: Courtesy Hagag Group French investors buy 2 Tel Aviv apartments for NIS 27.5m

The two apartments are in Hagag Group's Infinity Tower in the Summeil district.

El Al plane credit: Shutterstock El Al receives state approval to distribute dividend

The Israeli airline has now announced that it will be able to distribute up to 30% of net profit in 2025 and up to 40% in 2026-2028.

groundcover founders credit: Yossi Yarom Israeli observability co groundcover raises $35m

groundcover has developed a “Bring Your Own Cloud” (BYOC) observability solution, redefining the architecture of a modern observability platform.

Tel Aviv Stock Exchange credit: Shutterstock MagioreStock Foreign investment in TASE hits five-year high

Foreign investors have been flocking to the Tel Aviv Stock Exchange in recent weeks, the TASE research department tells "Globes."

Elbit Systems tank turret systems credit: Elbit Systems Elbit Systems wins $100m tank turret systems deal

The Israel defense electronics company will supply its advanced UT30 MK2 unmanned turret systems to General Dynamics European Land Systems (GDELS) to be supplied to a NATO European country.

Tomer Weingarten Photo: PR Trump targets SentinelOne exec in act of revenge

The US administration has suspended the security clearance of the company's chef intelligence and public policy officer Chris Krebs and everyone associated with him.

Tel Aviv Stock Exchange share prices rising credit: Tali Bogdanovsky TASE opens sharply higher after Trump U-turn on tariffs

The pause is being interpreted as a climb down after US President Donald Trump admitted he had made the move to calm the markets.

Ashot Ashkelon credit: Ministry of Defense Up 250%, Ashot Ashkelon wins another Defense Ministry order

The Israeli defense company's share price has risen 250% in the past three years since FIMI Opportunity Funds acquired control.

Twitter Facebook Linkedin RSS Newsletters גלובס Israel Business Conference 2018