Jordan Advances Green Energy Initiatives with LNG Vessel Lease in Aqaba
Key Ideas
  • The government in Jordan is making significant progress in the energy and mineral sectors, with a focus on green energy initiatives like the construction of a green ammonia and hydrogen production facility in Aqaba.
  • Initiatives include enacting amended laws to promote renewable energy integration, modernizing the governance framework of the energy sector, and strengthening the legal and regulatory framework for green hydrogen production and export.
  • The awarding of tenders for the lease of a floating LNG vessel in Aqaba and drilling wells in the Sarhan Field demonstrates the country's commitment to enhancing its energy infrastructure and natural resources.
  • Efforts in the mining sector include tender awards for rock classification studies and completion of projects like the silica upgrade, showcasing a holistic approach towards sustainable resource management.
The government of Jordan has made significant strides in advancing its energy and mineral sectors as part of the 2023-2025 Executive Program for Economic Modernization. The mid-year report for the first half of 2024 highlights various achievements, including the completion of technical and economic studies for a green ammonia and hydrogen production facility in Aqaba by the Jordan Green Ammonia Company. This project aligns with the country's commitment to green energy initiatives and strategic resource management. Moreover, the government has amended laws to promote renewable energy integration and energy efficiency while also working on modernizing the governance framework of the energy sector. Efforts to enhance the legal and regulatory framework for green hydrogen production and export are underway in collaboration with the World Bank and other stakeholders. The recent award of a tender to lease the floating LNG vessel BW Everett in Aqaba signifies a crucial step in supporting the country's natural gas storage and regasification infrastructure. Additionally, the tender for drilling wells in the Sarhan Field demonstrates a proactive approach to enhancing oil and gas reserves. In the mining sector, the government is focusing on sustainable resource management by awarding tenders for rock classification studies and completing projects like the silica upgrade. These initiatives aim to encourage investment in domestic processing and utilization of strategic minerals. Negotiations with mining companies for exploration projects in various regions of Jordan further reflect the government's commitment to the responsible development of mineral resources. Overall, Jordan's efforts in the energy and mineral sectors showcase a comprehensive approach towards sustainable development, resource management, and the promotion of green energy initiatives.
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