Israel to export 15-bln-USD worth of gas to Egypt

Accord to strengthen our economy and security, Netanyahu

19 February, 16:20

    The border between Egypt and Israel (archive) The border between Egypt and Israel (archive)

    TEL AVIV - The Israeli company Delek-Kiduhim announced Monday that it had signed a 15-billion-dollar agreement with Egypt's Dolfinos for natural gas exports from the Leviathan and Tamar gas fields located off the Israeli coast.

    Reports were from the economic daily Globes. The Noble Energy company will take part in the supply as well, for a ten-year period. Israeli prime minister Benyamin Netanyahu called the agreement ''historic'', saying that ''we will receive billions that will be invested in education, healthcare and the social wellbeing of Israeli citizens''.

    He added that the agreement would ''strengthen our security, our economy and our regional relations. First and foremost, it will strengthen Israeli citizens. This is a day of celebration''. 

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