Israel’s 2016 deal to export 45bcm of natural gas from the Noble-operated Leviathan offshore field to Jordan was central to the country’s larger energy ambitions (MEES, 30 September 2016), but the deal has since been marred with political controversy and ambiguity over commercial terms.

With the startup of Leviathan slated for the end of the year (MEES, 9 August), details of the contractual terms between Noble, Israel and Jordan’s state power provider Nepco are finally emerging. On 19 August Israeli business paper TheMarker picked up a story from the Arabic press which gave an extensive summary of the transaction, highlighting the complex financial and geopolitical aspects of the deal that has proven so controversial in Amman. (CONTINUED - 1378 WORDS)