Thursday, July 21, 2011

In one word, what it will be for Egypt when Jordan starts buying Israeli gas instead of the Egyptian?

Jordan may buy a third of its natural gas from Israel's Tamar offshore field, according to a Clal Finance analyst cited Thursday report by Globes. Analyst Yaron Zar said, "The unreliability of Egyptian gas might lead Jordan to buy at least one billion cubic meters of gas a year from Tamar." Jordan currently buys most of the three billion cubic meters of gas it needs annually from Egypt.

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