$500 million, 15 year plan for Israel-Jordan natural gas deal.

Thanks to natural gas, Israel is getting closer to her neighbors.

Nearly nine months after announcing a 15-year plan to ship Israeli natural gas to Jordan, the kingdom has hinted that a long-term supply deal could finally be within view.

In February, Israel and its production partners in the offshore Tamar natural gas field announced a $500 million, 15 year plan to sell gas to two Jordanian chemical companies.

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This news brief about energy in Israel is provided to you by Zion Oil & Gas.

Zion Oil & Gas explores for oil and gas onshore Israel currently only within Zion’s Megiddo-Jezreel license area.