Jordan expects gas export agreement with Egypt by end of month

Jordanian Minister of Energy and Mineral Resources Khaled Toukan anticipates Jordan and Egypt will reach a new agreement on gas exports by the end of April.

Egypt wants to negotiate the price and quantity of natural gas it supplies to Jordan, Toukan said in an interview with the Jordanian newspaper al-Ghad.

The Jordanian government announced this week that it is ready to negotiate gas prices according to the agreement signed between the two countries in 2004.

Toukan pointed out that there is only one existing agreement between Egypt and Jordan that governs the amount of gas exports, and that negotiations will only adjust the costs of additional supplies.

The gas Egypt delivers to Jordan does not exceed 70 percent of the amount stipulated in the original contract, according to Toukan, who added that the Jordanian government is preparing plans to cope with the burden of higher oil prices on the national budget.

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