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Israel announces historic gas contract with Egypt

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AFP Jerusalem
Last Updated : Feb 19 2018 | 8:00 PM IST
Prime Minister Benjamin Netanyahu today announced an "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 USD 15 billion.
In September 2015, Jordan struck a deal to buy 300 million cubic feet (8.5 million cubic metres) of Israeli gas per day over a 15-year term.

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First Published: Feb 19 2018 | 8:00 PM IST

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