from dailyalert.org, Dec. 11, 2014
EU Urges Feasibility Study for Importing Israeli Natural Gas – Jonathan Stearns
Top EU officials said the Eastern Mediterranean natural gas pipeline, which Israel, Greece and Cyprus are promoting, merits a feasibility study. “This is an interesting project,” said Deputy Industry Minister Claudio De Vincenti of Italy, which holds the EU’s rotating presidency. Russia’s decision this month to halt construction of the $45 billion South Stream pipeline is emboldening efforts in the EU to find new sources of the fuel. (Bloomberg)
Jordan’s Lower House Tuesday opened a debate about an agreement between the state-owned National Electric Power Company (NEPCO) and Noble Energy, a U.S. company developing an offshore Israeli gas field in the Mediterranean Sea, to supply NEPCO with gas over a 15-year period at a cost of $15 billion. “Jordan’s higher interest is above all…to secure energy sources in a manner to cut the financial cost on the treasury,” said Minister of Energy and Mineral Resources Mohammed Hamed.
Hamed noted that imported gas from Israel will be half the price of liquefied gas and heavy fuel, and one-third of diesel prices. He said Jordan had imported more than 80% of its gas from Egypt in recent years, before supplies ground to a halt, and dismissed lawmakers’ fears that the deal would leave Jordan “hostage” to a certain country [Israel]. (Petra-Jordan)
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