Jordanian energy imports up 59% on 2010
Energy imports rose to $2.5bn in April
Jordan’s Department of Statistics has released figures showing that imports of electricity, gas and oil derivatives increased 59% over the first four months of this year. Spending on energy increased to US $2.5 billion over the period, up from $1.6 billion in the same months last year.
Imports have been pushed higher following increases in the price of crude oil, together with the country’s increased reliance on diesel and heavy fuel imports following the disruption to Egyptian gas supplies.
Despite the country’s preparations for an over-stretched grid over the summer months, electricity imports have fallen to $73.7 million, down from $85.7 million last year. The country has recently announced plans to meet summer peak demand, with the National Electricity Company reporting that the Minister of Energy and Mineral Resources Alaa Batayneh has already been briefed on the plans.
The country is also pursuing its nuclear programme, which has been the subject of recent attention after security concerns surrounding the plans were raised by the Syrian conflict. Confirmed uranium resources were recently confirmed at over 20,000 tonnes, whilst the Atomic Energy Commission is continuing to consider two bids for the construction of the plant itself.