Translation. Region: Russian Federation –
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
JERUSALEM, Dec. 18 (Xinhua) — Israeli Prime Minister Benjamin Netanyahu said Wednesday he has approved a gas deal worth 112 billion shekels (about $34.7 billion) under which the country will supply natural gas to Egypt.
According to the terms of the agreement, the American energy company Chevron will carry out the deliveries together with its Israeli partners.
Calling it "the largest gas deal in Israel's history," Netanyahu noted that approximately 58 billion shekels ($17.97 billion) will flow into the state treasury. He expressed hope that the deal will strengthen "Israel's status as a regional energy power and contribute to stability in our region."
Energy Minister Eli Cohen, speaking alongside Netanyahu, called the agreement's approval a "historic moment" for Israel, both diplomatically and economically. He noted that the deal followed months of intensive negotiations. Gas companies intend to invest over 16 billion shekels ($4.96 billion) in gas infrastructure as part of the deal, the official added.
Israel has become a natural gas producer following the discovery of major fields in the eastern Mediterranean over the past decade, including Tamar and Leviathan. The country has transformed from an energy importer into a regional exporter.
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