Shell to sell LNG supply to Jordan for five years
In collaboration with international law firm Trowers & Hamlins, Mapstone and Tractebel Engineering, Navigant has advised the Jordanian Ministry of Energy and Mineral Resources on an LNG sale and purchase agreement with Royal Dutch Shell.
This deal follows an agreement signed by the Jordanian government in July 2013 to lease a floating storage and regasification unit (FSRU) from Golar LNG.
The FSRU is moored in a purpose-built structure near the Red Sea port of Aqaba.
Beginning July 2015, Royal Dutch Shell will supply 150 MMcfd of LNG to the Aqaba terminal. This LNG will cover around 25% of the National Electric Power Company's daily needs for power generation.
Navigant has worked closely with the Jordanian government since 2012 to assist in the implementation of the Kingdom's LNG import strategy.
With fellow consortium members Trowers & Hamlins, Mapstone and Tractebel Engineering, the team advised on the project feasibility, time charter party agreement for the FSRU in Aqaba and on the subsequent tender process for the supply of LNG.
Tom Wigley, International Energy and Natural Resources partner at Trowers & Hamlins, commented, “Jordan imports about 96% of its energy needs and has increasingly looked to LNG not only as a cheaper and cleaner alternative to diesel and heavy fuel oil, but also as a way to ensure security of supply following disruptions in the gas pipeline from Egypt.”
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