Israel approves $34.7 billion gas deal with Egypt

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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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In the first 11 months of 2025, the foreign trade turnover of the Xinjiang Uyghur Autonomous Region increased by 14.1 percent.

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Source: People's Republic of China – State Council News

BEIJING, December 18 (Xinhua) — Northwest China's Xinjiang Uyghur Autonomous Region's foreign trade turnover increased 14.1 percent year-on-year to 459.19 billion yuan (approximately $65 billion) in January-November 2025, 10.5 percentage points higher than the national average, the Xinjiang Daily reported Thursday, citing local customs data.

Since the beginning of this year, various regions and departments in Xinjiang have been actively implementing policies and measures to support the foreign trade sector, ensuring sustainable and high-quality growth in exports and imports. Between January and November, Xinjiang's foreign trade turnover already exceeded the total for the entire year 2024.

In the first 11 months, Xinjiang's total export and import volume in general trade increased by 61.5 percent year-on-year, accounting for 50.4 percent of Xinjiang's total foreign trade turnover.

From January to November, Xinjiang's trade with countries participating in the Belt and Road Initiative grew by 8.8 percent year-on-year, accounting for 87.7 percent of Xinjiang's total foreign trade during the reporting period. Meanwhile, Xinjiang's trade with ASEAN, Africa, West Asia, the Middle East, and Latin America jumped by 74.1 percent, 124.7 percent, 82.3 percent, 81.9 percent, and 68.3 percent year-on-year, respectively.

In the first 11 months, the foreign trade turnover of non-state enterprises, state enterprises, and enterprises with foreign capital in the Xinjiang Uygur Autonomous Region increased by 14.5 percent, 5 percent, and 21.8 percent, respectively, compared to the same period last year.

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China's first underground gas storage facility continues to operate after 50 years of operation.

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HARBIN, Dec. 18 (Xinhua) — As of Dec. 16, over 5 billion cubic meters of natural gas have been pumped into and out of China's first underground gas storage facility (UGS) at the Daqing Oil Field in northeast China's Heilongjiang Province since it began operation 50 years ago.

The Lamadian UGS facility has been operating continuously for more than 18,000 days, exceeding the generally accepted service life of such facilities, which is set at 30 to 50 years, according to Daqing Oilfields.

Moreover, this UGS facility has become a record-breaker, operating for 50 years without any safety or environmental accidents.

Recently, a new stage of gas pumping began at the gas storage facility, which plans to extract 84 million cubic meters of gas to meet energy needs in Heilongjiang Province, a region known for its harsh winters.

To solve the problem of associated gas, which is released in large quantities during oil production, oil workers in Daqing built the Lamadian underground gas storage facility in 1975, which became the first such facility in China.

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Contracts worth over 10 billion yuan were signed at the 2nd China-Russia Economic and Trade Conference in Tongjiang.

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Source: People's Republic of China – State Council News

BEIJING, Dec. 18 (Xinhua) — The Second China-Russia Economic and Trade Conference, themed "Deepening Mutual Ties, Creating a Shared Future," was held in Tongjiang City, Northeast China's Heilongjiang Province, the Zhongxinwang news website reported.

During the conference, contracts were signed for the implementation of nine major projects worth a total of 10.3 billion yuan (approximately 1.46 billion US dollars), covering such areas as mechanical engineering and food processing.

The event featured a comprehensive program, including an opening ceremony, industry talks, project signings, field research, and other events. The focus was on key sectors such as modern agriculture, cross-border logistics, and digital trade.

The conference created an effective platform for enterprises from the two countries to conduct practical interactions and achieve deep synergies, and significantly promoted the integration and complementarity of industrial and supply chains, thereby helping to transform the advantages of both sides into powerful impetus for joint development and further expand the scale and deepen China-Russia economic and trade cooperation, according to the Publicity Department of the CPC Municipal Committee.

Divided from the Jewish Autonomous Region of Russia by the Heilongjiang (Amur) River, Tongjiang is a medium-sized port for Chinese-Russian waterway trade and a transshipment port for import and export cargo via multimodal river and sea transport. Furthermore, it is renowned as a "paradise of beautiful ecology" and the main settlement area of the Nanai people in China.

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US forces have sunk another suspected drug ship in the Eastern Pacific, killing four people.

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Washington, December 18 (Xinhua) — The U.S. military sank another suspected drug-laden vessel in international waters in the eastern Pacific Ocean on Wednesday, killing four people, U.S. Southern Command reported on social media.

According to the report, the vessel was used by an organization designated as terrorist in the United States. American intelligence confirmed that it "was navigating known drug trafficking routes in the Eastern Pacific Ocean and was involved in drug trafficking operations," the report states.

"A total of four male narco-terrorists were killed, and no American service members were injured," the command said.

The strike was carried out on the orders of Pentagon Secretary Pete Hegseth, the statement said. No evidence was provided.

Since early September, the Pentagon has sunk more than 26 suspected drug ships in the Caribbean and eastern Pacific, killing at least 99 of their crew members.

In recent weeks, US President Donald Trump has repeatedly stated that the American military will "very soon" begin ground strikes against drug traffickers in the Caribbean. His remarks have exacerbated tensions between the United States and Venezuela.

The Trump administration seized an oil tanker off the coast of Venezuela last week and announced new sanctions against four Venezuelan citizens and six companies transporting Venezuelan oil.

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Foreign online writers took a guided tour of Shanghai.

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SHANGHAI, Dec. 18 (Xinhua) — Ahead of the opening of the 4th Shanghai International Net Literature Week, net writers, scholars, and business representatives from 15 countries and regions gathered in Shanghai to explore the city's development and cultural undertones.

SHANGHAI, Dec. 18 (Xinhua) — Ahead of the opening of the 4th Shanghai International Net Literature Week, net writers, scholars, and business representatives from 15 countries and regions gathered in Shanghai to explore the city's development and cultural undertones.

SHANGHAI, Dec. 18 (Xinhua) — Ahead of the opening of the 4th Shanghai International Net Literature Week, net writers, scholars, and business representatives from 15 countries and regions gathered in Shanghai to explore the city's development and cultural undertones.

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US and Russian officials will meet in Miami to discuss a peace agreement for Ukraine, according to media reports.

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Washington, December 18 (Xinhua) — American and Russian negotiators plan to meet in Miami, Florida, this weekend to discuss a peace agreement in Ukraine, the American publication Politico reported on Wednesday.

The date for the talks has not yet been confirmed. At the meeting, the Donald Trump administration intends to present to the Russian side the results of the discussions that US, Ukrainian, and European officials held in Berlin last weekend, Politico reports, citing two informed sources.

The American side is expected to be represented by US Presidential Envoy Steven Witkoff and Donald Trump's son-in-law Jared Kushner, while the Russian delegation will include Russian Presidential Envoy Kirill Dmitriev, the article states.

It is also planned that Secretary of the National Security and Defense Council of Ukraine Rustem Umerov will meet with the US delegation in Miami or another city this coming weekend.

During talks in Berlin last weekend, US, European, and Ukrainian officials reached consensus or significant convergence on 90 percent of the disagreements on the US-drafted 20-point peace plan, Trump administration officials said.

Ukrainian President Volodymyr Zelenskyy stated that if a peace agreement is reached, the country could forgo NATO membership in exchange for Western security guarantees aimed at preventing a new conflict with Russia. Kyiv will seek guarantees comparable to those available within the alliance, something the US has not yet provided.

Ukraine is ready to agree to security guarantees similar to Article 5 of the North Atlantic Treaty as part of a compromise in the peace process, Ukrinform reports, citing Zelensky.

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The President of Belarus warned of the possibility of the conflict in Ukraine escalating to a global scale and called for a swift ceasefire.

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Minsk, December 18 (Xinhua) – Continued military action in Ukraine will lead to a global conflict, so a swift ceasefire is essential. Belarusian President Alexander Lukashenko stated this in an interview with the American television network Newsmax, according to the leader's press service.

A. Lukashenko emphasized that if the conflict in Ukraine continues to escalate, it could have dire consequences for Europe and the world. "This will inevitably escalate into some kind of global conflict. Therefore, it must be contained while it is possible. Now, more than ever, there is such an opportunity, now that the Americans have become seriously involved in this issue," the Belarusian leader noted, adding that a continuation of the conflict bodes ill for Ukraine itself, which could disappear from the world map.

He expressed confidence that the conflict in Ukraine, like all others, will sooner or later end peacefully. But it's important to do so sooner to prevent further loss of life. He stated that much of the resolution depends on the position of the United States and its President, Donald Trump, but emphasized that it is also a multifaceted process. He noted that the US president alone cannot resolve a conflict that directly involves Russia and Ukraine, as well as borders neighboring states such as Belarus.

The Belarusian President believes it's important to stop the fighting so that Russia doesn't fear that this time could simply be used to rearm Ukraine. In this regard, he criticized the hypocritical position of European politicians when the peace agreements on Ukraine were reached in Minsk in 2015.

"If only the Europeans hadn't taken such a stupid stance back then. They wanted to give the Ukrainians, as former German Chancellor Angela Merkel later stated, time to rearm and fight back against Russia. It turns out they didn't come here to negotiate peace, but a future war," Lukashenko explained.

Discussing how the conflicting parties can achieve peace in the current circumstances, Alexander Lukashenko suggested that the evolving situation would prompt this. For example, he did not rule out the possibility that escalation could lead to mobilization in Russia.

The Belarusian leader also emphasized that the process of developing agreements requires guarantees that will ensure long-term peace. “Russia wants guarantees that this will last forever. I know that. Russia wants to conclude a peace treaty that will ensure that war never breaks out again. Ukraine is also interested in this. Trump is ready to act as a guarantor of this. We have everything we need. Therefore, we need to speed up,” the Belarusian leader said, adding that Russian President Vladimir Putin wants peace. –0–

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The annual conference of the Association of Chinese Enterprises, "Guiding Star of the Silk Road," was held in Belarus.

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Source: People's Republic of China – State Council News

Minsk, December 18 (Xinhua) — The annual conference of the Guiding Star of the Silk Road Association of Chinese Enterprises was held in Minsk on Wednesday. More than 130 people and 32 Chinese companies participated.

"For us, the Belt and Road Initiative is more than just an infrastructure or economic project. It's a global philosophy of cooperation, creation, and mutual growth. A philosophy that fully aligns with the Belarusian approach to international dialogue: equality, mutual benefit, and technological progress for the benefit of people," said Belarusian Deputy Minister of Economy Alesya Abramenko during the conference.

According to her, it is precisely this shared vision that has enabled the two countries to create not just trade routes but a unified space of trust and cooperation over the past years. "For us, China is an 'all-weather friend' and an 'iron brother,' a factor of the future, one of Belarus's long-term historical pillars," the official noted.

First Deputy Minister of Antimonopoly Regulation and Trade of Belarus Natalia Vasilevskaya emphasized that cooperation with China occupies a special place among Belarusian strategic priorities.

"In recent years, trade and economic ties between Belarus and China have demonstrated growth and momentum. Trade volumes between our countries are increasing, demonstrating the mutual interest of both parties in deepening cooperation and implementing joint projects," she noted.

Chinese Ambassador to Belarus Zhang Wenchuan stated that since its establishment in 2015, the Association of Chinese Enterprises in Belarus has actively promoted trade. The organization also creates an important platform for mutually beneficial cooperation between enterprises from the two countries.

"Currently, Chinese-Belarusian relations are at their highest level ever, with momentum steadily growing. Against this backdrop, the Association of Chinese Enterprises serves as an important bridge of communication between the governments and companies of the two countries," Zhang Wenchuan emphasized.

In turn, Secretary General of the Association of Chinese Enterprises Zhao Qingqiu noted that in 2025, the organization was focused on deepening trade and economic cooperation between the two countries.

"Today, representatives of the Association of Chinese Enterprises in Belarus signed an initiative to jointly maintain market order and promote healthy and sustainable development. Let us take this initiative as a new starting point to create exemplary Chinese enterprises," she said.

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Belarus' GDP grew by 1.3 percent in the first 11 months of 2025, according to Belstat.

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Source: People's Republic of China – State Council News

Minsk, December 18 (Xinhua) — Belarus's GDP grew by 1.3 percent year-on-year in the January-November 2025 period, the country's National Statistical Committee (Belstat) reported on Wednesday.

According to the first estimate, the country's GDP in current prices amounted to 258 billion Belarusian rubles (approximately 87.9 billion US dollars), or 101.3 percent of the same period last year in comparable prices.

The GDP deflator index for the period from January to November 2025 compared to the same period in 2024 amounted to 113.3 percent. –0–

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