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Israeli company announces $15 bln export deal with Egypt

1,258 views · Published 21 February 2018 · 0:31 · Indexed 21 September 2026

Channel: CGTN · 2018 · News & Politics

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An Israeli energy company has announced a 15 billion US dollar deal to supply natural gas to Egypt. (TAKE VO) Delek Drilling and its US partner, Noble Energy, signed the deal on Monday. A total of 64 billion cubic meters of gas will be sold to Egyptian company Dolphinus Holdings over a 10-year period. The Israeli energy company says the deal is the largest export agreement ever for Israel's natural gas industry. Israeli Prime Minister Benjamin Netanyahu said it will strengthen the country's security and economy, adding that, "above all it will strengthen the citizens of Israel."

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