Netanyahu Announces Major offshore Gas Deal
[ALMANAR.LB] Israeli Prime Minister Benjamin Netanyahu on Thursday announced a major deal between Tel Aviv and a consortium including US firm Noble Energy on natural gas production in the Mediterranean Sea.
"The agreement will bring in hundreds of billions of shekels (tens of billions of dollars) to Israeli citizens over the coming years," Netanyahu said in a televised statement, without providing details.
Israeli Prime Minister Benjamin Netanyahu"I shall bring this agreement to the cabinet on Sunday. I'm sure it will pass by a large majority of votes."
Negotiations have been under way with a consortium including Noble and locally based Delek Group, with talks involving natural gas pricing for Israeli reserves and future production.
Posted by: Fred 2015-08-14 |