Israel signed a memorandum of understanding with Jordan Wednesday, under which it will supply the Hashemite Kingdom with $15 billion worth of natural gas from its Leviathan energy field over 15 years.
The new deal is the largest collaboration with Jordan to date, and will make Israel its chief supplier, according to the Globes business news website.
The final agreement will be subject to the approval of Energy and Water Minister Silvan Shalom, who is expected to confirm it. According to Globes, the US was involved in the negotiations. US envoy Amos Hochstein was said to attend the signing of the memorandum.
Representatives of the Delek Group Ltd. and Nobel Energy Inc. were in Jordan to sign the agreement.
Shalom hailed the agreement, and referred to it as “a historic act that will strengthen the economic and diplomatic ties between Israel and Jordan.”
“At this time, Israel is becoming an energy superpower, which will supply the energy needs of its neighbors and strengthen its standing as a central source of energy supply in the region, and I welcome it,” he said in a statement.
Read more: The Times of Israel