Israel-US consortium signs $10 bn gas deal with Jordan

The US-led consortium leading the development of Israel’s offshore gas reserves on Monday announced a first deal to sell natural gas from its Leviathan field to neighbouring Jordan.

US firm Noble Energy, the lead partner, said in a statement that the contract signed Monday with the National Electric Power Company of Jordan (NEPCO) was for “300 million cubic feet per day over a 15-year term”.

It includes an option to purchase a further 50 million cubic feet up to a total of 350 million daily.

Read the report in The West Australian (AFP).