East Mediterranean

Jordan

Jordan’s low-growth economy and geopolitical balancing act seemingly leave the country on the perennial brink. The start-up of gas imports from Israel's Leviathan by 2019 will add pressure.

State of Play

Highly dependent on foreign aid and remittances, the kingdom's economy is set grow a mere 2% in 2018. Amman faces a popular backlash at each attempt to push through IMF-backed reforms. Plans to import natural gas from Israel’s Leviathan field, to curb a gaping energy deficit, face widespread public opprobrium.

2019 In Numbers

Peak Load	3.5	GW
GDP	41.9	$bn
Growth	2.3	%GDP
Debt	40.2	$bn

ALL DATA 2018 UNLESS OTHERWISE INDICATED.

Geopolitical Risk

31 Jul, 2020

Featured

Jordan Eyes 50% Powergen From Domestic Sources By 2030

Jordan’s latest energy plan eyes 50% domestic energy. With renewables ramp-up and a key oil shale plant due to start, has the kingdom made gas shortages history?

Jordan Anticipates Nearly 50% Of Powergen From Domestic Sources By 2030, Including 31% From Renewables

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NEWS IN BRIEF

Jordan Bags IMF Windfall

22 May, 2020

IMF: Jordan $1.3bn Facility

27 Mar, 2020

Jordan IMF Funding Extension

31 Jan, 2020

Jordan Plans Second Refinery

24 Jan, 2020

Jordan Bags Key US, EU Aid

20 Dec, 2019

Jordan Starts Up Risha Solar

20 Dec, 2019

Jordan Court Nixes Opposition To Israel Gas Deal

27 Sep, 2019

East Med Gas Forum Launched

26 Jul, 2019

Jordan’s Debt Continues To Climb As Low Growth Leads To Consecutive Deficits

1: Jordan's Power Generation Fuel Mix (%): Gas Options See Oil Products Burn (And Nepco’s Spending) Plummet

2: FSRU And The Resumption Of Egyptian Imports Give Jordan Ample Gas Import (Mn Cfd) Options Ahead Of 2020 Leviathan Startup

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