Egypt commissions first construction phase of Orient Gas Pipeline

Jul 08, 2002 02:00 AM

The government of Egypt has commissioned the first construction phase of the $ 220 mm Orient Gas Pipeline, linking Egypt to Jordan to begin. The channel has a target date of completion set for March 2003 and is expected to earn Egypt $ 400 mm in revenues annually once fully operational.

Expected to boost inter-Arab investment, the natural gas export deal to Jordan is part of a pact signed between the two countries in June 2001 within the framework of a major project to transport Egyptian gas to Jordan, Syria and Lebanon. The 278 km-long gas pipeline will be extended for 18 km under water of the Gulf of Aqaba, 850-meters down to reach the Jordanian mainland.
The Arab Fund for Economic and Social Development (AFESD) granted Egypt a $ 55 mm soft loan for the project and the Kuwaiti Development Fund contributed $ 108 mm in loans for the pipeline. The rest of the financing is being covered by Egyptian funds.

Source: Al-Bawaba
Market Research

The International Affairs Institute (IAI) and OCP Policy Center recently launched a new book: The Future of Natural Gas. Markets and Geopolitics.

Cover_242-width

The book is an in-depth analysis of some of the fastest moving gas markets, attempting to define the trends of a resource that will have a decisive role in shaping the global economy and modelling the geopolitical dynamics in the next decades.

Some of the top scholars in the energy sector have contributed to this volume such as Gonzalo Escribano, Director Energy and Climate Change Programme, Elcano Royal Institute, Madrid, Coby van der Linde, Director Clingendael International Energy Programme, The Hague and Houda Ben Jannet Allal, General Director Observatoire Méditerranéen de l’Energie (OME), Paris.

For only €32.50 you have your own copy of The Future of Natural Gas. Markets and Geopolitics. Click here to order now!


 

Upcoming Conferences