Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Gov't mulls Qatari gas as Egypt urged to protect pipeline  Join our daily free Newsletter

MENAFN - Jordan Times - 03/01/2012

No. of Ratings : 0
Digg This Article: http%3a%2f%2fwww.menafn.com%2fmenafn%2fqn_news_story_s.aspx%3fstoryid%3d1093469010%26title%3dGovt-mulls-Qatari-gas-as-Egypt-urged-to-protect-pipeline Share This Article: http%3a%2f%2fwww.menafn.com%2fmenafn%2fqn_news_story_s.aspx%3fstoryid%3d1093469010%26title%3dGovt-mulls-Qatari-gas-as-Egypt-urged-to-protect-pipeline Add to Delicious Seed this article Buzz this article Add to Reddit Add to furl Add to stumbleupon Add to Mixx!


 


(MENAFN - Jordan Times) Jordanian energy officials took preliminary steps on Monday towards securing natural and liquefied gas from Qatar amidst renewed calls on Egypt to better secure the Kingdom's primary energy source.

Minister of Energy and Mineral Resources Qutaiba Abu Qura arrived in Doha yesterday as part of a three-day visit to Qatar to explore the feasibility of importing natural gas to Jordan.

Also during the three-day visit, Abu Qura is expected to review with his Qatari counterpart Mohammed Ben Saleh Al Sada a proposed liquefied gas deal, under which Qatari gas would be shipped to an offshore terminal to be built in the Port of Aqaba by 2013, according to the ministry.

The drive for Qatari gas comes as Jordanian officials look for alternatives to Egyptian gas, which energy officials have declared as "unreliable" due to acts of sabotage and a series of delays over an amended agreement between Amman and Cairo.

Meanwhile, the government has renewed calls on Cairo to ensure the protection of the Arab Gas Pipeline, which has been a continued target of attacks despite a series of arrests and a recent boost in security in the Sinai Peninsula.

According to Minister of State for Media Affairs and Communications Rakan Majali, the government offered to provide assistance to Egypt to better protect the gas line, which has been the target of 10 separate acts of sabotage in less than a year, an offer Cairo refused.

As part of the proposal, presented earlier last month, Amman offered Egypt logistical support and surveillance equipment in order to prevent attacks on the 400-kilometre pipeline, which also serves Israel, Majali, the government's spokesperson, added.

Meanwhile on Sunday, Minister of Transport Alaa Batayneh reiterated the government's demands for Egypt to better protect gas supplies, which the Kingdom relies on for 80 per cent of its electricity generation needs.

In a meeting with Egyptian Prime Minister Kamal Ganzouri on the sidelines of a general assembly meeting of the Arab Bridge Company in Cairo, Batayneh stressed "the necessity to protect the pipeline according to the agreements signed between the two sides", the Jordan News Agency, Petra, reported.

Jordanian officials have expressed increasing doubt over Cairo's ability and political will to protect the pipeline and prevent disruptions in supply, which have widened the budget deficit and pushed the national energy bill to a record high JD4 billion last year.

Late last month, the two countries amended a favourable pricing agreement inked between Cairo and Amman in 2004 under which Egypt is to provide Jordan with 240 million cubic metres of gas per day, raising prices from less than 2 to 6 per 1,000 cubic feet.

According to experts, the insecurity of Egyptian gas supplies has transformed the issue of energy independence from a policy matter to an issue of national security for Jordan, which imports 98 per cent of its energy needs.

 






  MENA News Headlines
May 23 2013Twin Niger car bombings 'kill 10' ,AFP
(MENAFN - AFP) Twin car bombings at an army base and a French-run uranium mine in northern Niger killed at least 10 people Thursday, in unprecedented attacks claimed by an Islamist group fighting ...

May 23 2013Twin Niger car bombings 'kill 10' ,AFP
(MENAFN - AFP) Twin car bombings at an army base and a French-run uranium mine in northern Niger killed at least 10 people Thursday, in unprecedented attacks claimed by an Islamist group fighting ...

May 23 2013EU ready for talks on China investment accord ,AFP
(MENAFN - AFP) The European Commission announced on Thursday it was ready to open negotiations with China, one of the EU's most important trading partners, on an investment protection accord. The ...

May 23 2013EU ready for talks on China investment accord ,AFP
(MENAFN - AFP) The European Commission announced on Thursday it was ready to open negotiations with China, one of the EU's most important trading partners, on an investment protection accord. The ...

May 23 2013European stocks dive after Tokyo plunge ,AFP
(MENAFN - AFP) European stock markets slumped on Thursday, with most indices losing more than two percent after Tokyo shares plunged owing to weak Chinese data and signs that the US Federal Reserve ...

May 23 2013European stocks dive after Tokyo plunge ,AFP
(MENAFN - AFP) European stock markets slumped on Thursday, with most indices losing more than two percent after Tokyo shares plunged owing to weak Chinese data and signs that the US Federal Reserve ...

May 23 2013China's Lenovo sees 34 percent net profit jump ,AFP
(MENAFN - AFP) Chinese computer maker Lenovo Group Thursday announced a jump in net profit for the financial year of 34 percent, despite the slowing PC market. Net profit for the financial year ...

May 23 2013China's Lenovo sees 34 percent net profit jump ,AFP
(MENAFN - AFP) Chinese computer maker Lenovo Group Thursday announced a jump in net profit for the financial year of 34 percent, despite the slowing PC market. Net profit for the financial year ...

May 23 2013SABMiller profits fall but emerging markets grow ,AFP
(MENAFN - AFP) Britain-based brewer SABMiller suffered a drop in annual net profit after exceptional gains the previous year, the firm reported on Thursday but said that underlying performance ...

May 23 2013SABMiller profits fall but emerging markets grow ,AFP
(MENAFN - AFP) Britain-based brewer SABMiller suffered a drop in annual net profit after exceptional gains the previous year, the firm reported on Thursday but said that underlying performance ...

more...


 
Click to Apply






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help