Jordan-Israeli Gas Accord Links Back to 1994 Peace Treaty

تم نشره في Sun 2 October / Oct 2016. 12:00 AM
  • Israeli Natural Gas facility

AMMAN — Specialists highlighted that the Jordanian government’s accords with Israeli-American Noble Energy gas company, to import Israeli natural gas from the Mediterranean basin is just an extended implementation of the 1994 peace treaty with Israel, which was ratified by Parliament at the time.

Additionally, because the energy expenditure over the years has peaked with the recession of Egyptian natural gas sourcing, specialists said to Petra, protecting the increase in oil prices, the government had to go forward to mitigate the losses incurred to the National Electric Power Company (NEPCo), trending at a rate of USD5 million per day, and that the signing is legal, as well as all other aspects of the accord.