Jordan Signs Deal to Use Egyptian FSRU Until 2026, Ministry Says

Jordan's Energy Ministry announced on Monday that Egypt and Jordan had signed an agreement allowing Jordan to use a floating storage and regasification Unit (FSRU) from Egypt until 2026.

The FSRU is helping Jordan to secure liquefied gas supplies for emergencies before the completion of Aqaba LNG Import Terminal scheduled for the fourth quarter 2026.

Jordan will receive around 350 millions cubic feet of FSRU per day.

This would be 50% of the LNG capability of a single FSRU or 25% if additional capacity is added.

The ministry estimated that the cost to transport gas via the Egyptian grid would be $5 million and $3 million for each shipment. The ministry said that the annual cost of LNG purchased by Jordan would not exceed $10 Million.

According to the statement, this agreement is part of efforts to provide Jordan a cheaper mechanism for supplying LNG.

(source: Reuters)