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Egypt/Jordan gas deal will see price hike

Nations reach agreement on gas prices as Jordan looks to diversify

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Egypt and Jordan reach a gas deal, incuding price hike. (Getty Images)
Egypt and Jordan reach a gas deal, incuding price hike. (Getty Images)

Jordan and Egypt have signed a gas deal that will see the selling price raised, following a string of bomb attacks on pipelines between the nations.

Jordan’s minister of energy and mineral resources Khaled Tukan has said that the country would not rely solely on Egyptian gas as a primary source of feedstock for its electricity generating power plants, due to constant outages in supply.

“We have reached a fair price that satisfies both countries,” he said, adding that the signed agreements are currently under review by the cabinets of the two countries.
 

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