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    19-Feb-2018

Israel Announces 'Historic' Gas Contract with Egypt

 

AFP

 

Israeli Prime Minister Benjamin Netanyahu on Monday announced a "historic" contract for sales of billions of dollars' worth of Israeli natural gas to Egypt.
 
"This will bring billions of dollars to state coffers," he said in a statement announcing the accord with Egypt, which in 1979 became the first Arab country to sign a peace treaty with Israel.
 
The Israeli energy group Delek said the value of the contract was $15 billion.
 
In September 2015, Jordan struck a deal to buy 300 million cubic feet (8.5 million cubic meters) of Israeli gas per day over a 15-year term.
 
 

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