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Tag Archives: Jordan

NEPCO to float tenders next year to buy more LNG

AMMAN — The state-owned National Electric Power Company (NEPCO) is scheduled to float several tenders in 2016 to buy liquefied natural gas (LNG) shipments, Abdel Fattah Daradkeh, the company’s director general, said Monday. Shell provides Jordan with about 80 per cent of its energy needs at present and the company will float a tender to buy the remaining 20 per ...

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‘Renewable energy investments in Jordan worth over JD1 billion’

AMMAN — Investments in the country’s renewable energy sector exceed JD1 billion at present and are expected to increase significantly in the next few years as more projects are in the pipeline, according to investment and energy officials. Renewable energy is “one of the most attractive and rapidly growing sectors in terms of attracting investments”, Jordan Investment Commission (JIC) President ...

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‘Oil pipeline with Jordan a priority for Iraq’

AMMAN — The oil pipeline between Iraq and Jordan is a priority for the Iraqi government to serve its economy and guarantee the sustainability of exports, Iraqi Finance Minister Hoshyar Zebari said Tuesday. Baghdad is currently considering the best alternatives to change the pipeline’s course to pass through safer areas inside the country, Zebari told the Jordan News Agency, Petra, ...

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Consortium picked to build oil shale plant ‘might not secure financing’

Jordan flag

AMMAN – Stakeholders in Jordan’s first shale oil-fuelled power plant are facing difficulties securing finance for the project and may seek an extension of the deadline for financial closure, according to a partner in the project. They have until October 1 to secure finance for the $2.2 billion, 470 megawatt (MW) project, while they are facing difficulties at this stage ...

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‘141 cases of power theft recorded during heatwave’

AMMAN — The Energy and Mineral Resources Regulatory Commission (EMRC) said Saturday it dealt with 141 cases of electricity theft during the heatwave that affected Jordan over the past week. The commission notified the legal departments at power companies of the cases, and legal measures will be taken against violators, EMRC Chief Commissioner Farouq Hiari said in an e-mail to ...

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‘Saudi Arabia on right path for diversifying economy’

Destination Saudi Arabia . Riyadh on the map shown by pin

JEDDAH — Although Saudi Arabia has substantial financial reserves to withstand low oil prices over the next few years, recent government spending has intensified the need for longer term fiscal, environmental and resource sustainability in the Kingdom, according to a new ICAEW report. The report — Economic Insight: Middle East Q2 2015 — is produced by Cebr, ICAEW’s partner and ...

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Leviathan customers look elsewhere

While the regulators in Israel are taking their time about making decisions about the fate of the Leviathan natural gas reservoir partnership, the regional gas market is beginning to eye deals that would cost Leviathan momentum. Egypt and Jordan yesterday announced that they planned to sign memoranda of understanding to import gas from other countries, and Norwegian company BW Offshore, ...

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Jordan plans to buy gas from Gaza

AMMAN — Jordan is expected to sign a deal with British Gas Group Plc. this month to import natural gas from the Gaza Strip, according to Minister of Energy and Mineral Resources Mohammad Hamed. Jordan seeks to import 130 to 150 million cubic feet of natural gas per day from the company, which has the rights for developing natural gas ...

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Shell to supply Jordan with liquefied gas for five years


AMMAN – Royal Dutch Shell will start supplying liquefied natural gas (LNG) to a terminal in Aqaba in July, Minister of Energy and Mineral Resources Mohammad Hamed said Wednesday. Under the agreement between Shell and the National Electric Power Company, Shell will provide the terminal with 150 million cubic feet of LNG per day, said the minister after the signing ...

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