ROME, Dec 3 (Reuters) - Jordan's National Electric Power Company (NEPCO) expects to source around 20 percent of its gas needs from the spot liquefied natural gas (LNG) market in 2016/17, an executive from the company said on Thursday.
Speaking on the sidelines of the CWC World LNG Summit, Amani Al-Azzam, managing director assistant for operation and planning, said that Jordan would import six or seven cargoes per year from the spot market for the coming two years.
The spot cargoes are in addition to supply deals for 36 cargoes won by Royal Dutch Shell
Jordan is one of the new sources of demand in the global LNG market this year, along with Pakistan and Egypt, after it signed a ten year lease on a floating storage and regasification unit(FSRU) from Norwegian shipping company Golar LNG.
Al-Azzam said a tender for LNG from the spot market was imminent.
"I think that this month we will announce for having one or two cargoes for the first quarter of the year from the spot market," Al-Azzam said.
(Reporting by Sarah McFarlane and Oleg Vukmanovic; Editing by Andrew Hay) ((sarah.mcfarlane@thomsonreuters.com; +44 20 7542 5937; Reuters Messaging: sarah.mcfarlane.thomsonreuters.com@reuters.net))
Keywords: JORDAN LNG/SPOT
