Jordanian gas transmission pipeline
Posted: 29 July 2004
Construction can start on the Jordanian Gas Transmission Pipeline, following financial close on this landmark project. Financial close marks a critical stage, securing funding for a project designed to bring much-needed natural gas from Egypt to power stations and industrial customers in Jordan by 2006. Charles River Associates (CRA), an international economics, finance, and business consulting firm, has been instrumental in the financial development of this project.
The Ministry of Energy of Jordan retained CRA as project commercial consultant to help the Ministry identify and attract international developers and investors to the pipeline project. CRA outlined the criteria for selecting bids from construction companies, drafted, negotiated the financial terms for the project, and worked to ensure that project investors and the Jordanian Government received a high return on their investment.
CRA experts involved with the Jordanian Gas Transportation Pipeline Project are available to discuss the project as well as some of the resulting economic and environmental benefits that are likely to accrue to the people of Egypt, Jordan and ultimately, Syria, Lebanon and Europe.
This ( U.S.)$300 million pipeline will transport gas north from Aqaba to Rehab, near the Syrian border. It builds onto the ( U.S.)$250 million pipeline commissioned in July 2003 to bring gas from El-Arish in Egypt to Aqaba. Together these mark the first steps in an initiative to establish a regional gas market across Jordan, Egypt, Syria and Lebanon under an Arab Gas Pipeline network.
About Charles River Associates
Established in 1965, Charles River Associates is an internationally respected economics, finance, and management consulting firm. With nearly 700 employees and 20 offices worldwide, CRA was recently ranked 65th on the Forbes magazine list of the 200 best small companies. CRA's management consulting services to the chemicals, petroleum, and related industries include strategic management, organizational design, technology management, and performance improvement. The strength of CRA's consulting teams reflects deep industry knowledge derived from our professionals' work experience at many of the world's leading chemicals and petroleum companies.
For more information see www.crai.co.uk
Posted by Richard Price,
Editor Pipeline Magazine
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