AMMAN: Jordan’s Housing Bank for Trade and Finance signed a $120 million loan deal with the Jordanian-Egyptian Fajr Company (JEFC) for natural gas to support its energy imports.
According to the bank, the loan involves other banks seeking to cover the company’s needs of natural gas along with other financial requirements. The loan is to be extended within next couple of months. Recently, Jordan inaugurated a terminal in Aqaba for liquefied natural gas for import and storage of natural gas to cover the country’s needs.
Earlier, Jordan used to heavily depend on natural gas imports from Egypt, but gas imports have been repeatedly disrupted due to several attacks on the pipeline.
