Israel and Jordan discussing a natural gas deal. Lenny Although many in the Arab world may frown on the “normalization” of ties with Israel, the Wall St. Journal (via Google News) explains that the sale’s a win-win situation helping stabilize the kingdom’s economy: A deal would offer Jordan a cheap energy source and relieve a painful energy crisis. Two years of supply shortages from Egypt’s pipeline to Jordan have spurred price increases, domestic unrest and has the government weighing brownouts. It would also mark a major tightening of Israeli-Jordanian relations two decades after they signed a peace accord . . . While Jordan’s energy needs are considerably smaller, Israel has an interest in bolstering its neighbor’s economy through offering gas at low prices that would be delivered relatively quickly, analysts said. The shortfall from Egypt has forced a 50% rise in the cost of cooking gas and higher electricity rates, prompting antigovernment demonstrations in October.
Posted on: Wed, 26 Jun 2013 19:28:22 +0000
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