CAIRO – Israel has struck a “historic” contract for sales of natural gas toEgypt, Prime Minister Benjamin Netanyahu announced Monday.
*“This will bring billions of dollars to state coffers,”* he said in astatement announcing the deal. Egypt in 1979 became the first Arab state tosign a peace treaty with Israel.
The Israeli energy group Delek said the value of the contract was $15billion, AFP reports.
It said agreements have been signed between Delek and its associate NobleEnergy of the US to supply 64 billion cubic meters of gas from Israel’sLeviathan and Tamar offshore fields to the Egyptian firm Dolphinus over a10-year period.