Historic agreement between Israel and Egypt for the sale of natural gas (VIDEO)

israel energeia Egypt, Israel, Natural Gas

Prime Minister Benjamin Netanyahu announced on Monday a "historic" deal to sell gas from Israel for billions of dollars to Egypt.

The Israeli energy group Delek said the contract was worth $ 15 billion.

"This will bring billions of dollars into state coffers for the benefit of education, health and the well-being of the Israeli people," he said in a statement, announcing the agreement with Egypt, which in 1979 became the first Arab country to sign a peace treaty. with Israel.

Regarding the economic chart and distribution, Netanyahu added: "Many did not believe in the quantities of gas. "We drove it knowing that it would strengthen our security, it would strengthen our economy, it would also strengthen regional relations, but above all it would strengthen the people of Israel."

In September 2015, Jordan agreed to buy 300 million cubic feet (8,5 million cubic meters) of Israeli gas per day for a period of 15 years.

Israeli Energy Minister Yula Steinitz said Monday that $ 15 billion worth of gas export deals signed with Egypt would strengthen bilateral ties.

"It is the first time since the signing of the peace treaties in the Middle East that such important agreements have been signed between the countries"

 

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