A Royal Jordanian Naval force patrol inspects the waters near the Belgium-flagged liquefied petroleum gas (LPG) tanker "Kortrijk" in the Red Sea port of Aqaba on June 28, 2022. (PHOTO / AFP)

AMMAN - Jordan and Egypt Saturday inked an agreement aimed at bolstering cooperation in the realm of gas infrastructure.

As per the deal, Egypt will utilize the floating storage vessel located at Sheikh Sabah Al-Ahmad Port in Aqaba, Jordan for gas processing. In return, Jordan will receive liquefied natural gas from Egypt and will, when required, pump back a portion of the natural gas through existing pipelines between the two nations.

The signing ceremony was attended by Jordanian Energy Minister Saleh Kharabsheh and his counterpart Tarek El-Molla

The signing ceremony was attended by Jordanian Energy Minister Saleh Kharabsheh and his counterpart Tarek El-Molla.

Kharabsheh highlighted the agreement's primary objective of maximizing resource utilization while reducing costs for both countries.

Egypt will utilize the Aqaba floating vessel until the expiration of the ship's lease contract at the end of 2025, the Jordanian minister said.

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For his part, El-Molla emphasized Egypt's expertise in various domestic gas applications and expressed a commitment to sharing its experience with Jordan to maximize mutual benefits.

He stressed the importance of bilateral cooperation in various projects, particularly those centering on energy efficiency, carbon reduction and tackling global warming, where natural gas plays a pivotal role.