The Egyptian-based EPEG consortium won the $220 million Jordanian gas pipeline tender issued earlier this year, reported Jordan Times. To be implemented on a Build-Own-Operate-Transfer (BOOT) basis, the pipeline will transport gas originating in neighboring Egypt through the southern Aqaba port into the central and northern regions of the Hashemite Kingdom.
The consortium includes the Egypt Holding Gas Company, Petrojet, GASCO and Emppi. Expected to boost inter-Arab investment, the natural gas export deal to Jordan is part of a pact signed between the two countries in June 2001 within the framework of a major project to transport Egyptian gas to Jordan, Syria and Lebanon. The 278-kilometer-long gas pipeline will be extended from the Gulf of Aqaba to reach the Jordanian mainland.
Among the consortia competing for the BOOT pipeline project were the Swiss Asea Brown Boveri, Greece’s Consolidated Contractors Company and EPEG of Egypt. — (menareport.com)
© 2002 Mena Report (www.menareport.com )