Egypt and Jordan to sign final contract on gas exports

The Ministry of Petroleum has sent the terms of Egypt's new agreement with Jordan on gas exports to the cabinet and relevant authorities to review prices before the final contract with Jordan is signed.

Hassan al-Mahdy, head of the Holding Company for Natural Gas, told Al-Masry Al-Youm that once the cabinet approves the terms, two delegations of technicians from both countries will meet to set the final contract.
Mahdy said that the new contract is balanced, in accordance with international prices, and preserves the rights of Egypt and Jordan.
He pointed out that the negotiations on the prices of gas started with Amman about a year ago, contrary to rumors that they began after the revolution.
Meanwhile Khaled Tukan, the Jordanian Minister of Energy and Mineral Resources, also announced that Amman and Cairo signed initial agreements on gas exports, adding that the agreement is currently being reviewed by the cabinets in both countries.
"We have reached a fair price that satisfies both countries," Toukan said in an interview with Jordanian TV on Friday, refusing to disclose the content of the agreement as the two countries have agreed to keep it confidential.
The Jordanian minister said that his country will not rely on Egyptian gas as a primary source for generating electricity because of frequent interruptions, which have totaled 82 days since the beginning of this year.
Translated from the Arabic Edition

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