Jordan, Israel Weigh Gas Deal

from The Wall Street Journal..

June 25, 2013

By JOSHUA MITNICK in Tel Aviv, SUMMER SAID in Dubai and SARA TOTH STUB in Jerusalem

Jordan has been holding talks to become the first country to buy natural gas from Israel, which on Sunday approved a plan to export 40% of energy reserves recently discovered beneath the Mediterranean Sea, analysts and people familiar with the talks said.

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. But a deal with the Jewish state also risks exposing the monarchy to criticism in the Arab world over the normalization of ties…

Link to the entire article:  http://online.wsj.com/article/SB10001424127887323998604578565783685049630.html?KEYWORDS=Jordan

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