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February 19, 2018 9:38 am

Israeli PM Netanyahu Hails ‘Historic’ $15 Billion Deal to Export Natural Gas to Egypt

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A natural gas rig in the Mediterranean Sea off the coast of Israel. Photo: Wikimedia Commons.

Prime Minister Benjamin Netanyahu hailed on Monday the signing of a “historic” $15 billion deal to export Israeli natural gas to Egypt.

The profits from the agreement, Netanyahu said, will benefit the “education, health and social welfare” of all Israelis.

“This is a joyous day,” the prime minister declared.

The deal on the sale of natural gas extracted from Israel’s Tamar and Leviathan fields in the Mediterranean Sea was announced on Monday by Delek Drilling.

Watch Netanyahu’s comments on the natural gas deal below:

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