Netanyahu welcomes deal to drill for gas

23 February 2017, 2:48 pm

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Prime Minister Benjamin Netanyahu praises the decision of Noble Energy to invest $3.75 billion in the Leviathan gas field.

“This is a good news day for the economy and citizens of Israel,” he writes on Twitter. “The move will provide a supply of gas to the State of Israel and will advance our cooperation with regional partners.”

Netanyahu has made the gas deal a centerpiece of his agenda, saying the discovery of large reserves would bring energy self-sufficiency and billions of dollars in tax revenues. But critics said the deal gave excessively favorable terms to the government’s corporate partners.