Monday, February 19, 2018

Israel,: Egypt sign $15bn natural gas purchase agreement

(Jerusalem)  Israeli company, Delek Drilling, has signed  a 10-year deal, worth $15bn (£10.7bn), to provide natural gas to Egypt. Israeli Prime Minister Benjamin Netanyahu has hailed the deal.

“I welcome this historical agreement,” he was quoted as saying in a statement released by his office. It will bring billions of dollars into state coffers, which can later be spent on education, health services and welfare for the benefit of Israel’s citizens,"
The irony here is only a few years ago the Muslim Brotherhood cancelled a gas deal which saw Egypt supplying Israel with gas, apparently the locals weren't happy selling gas to the jews.