Palestinians sign $1.2 billion gas deal with Israel

January 9, 2014

The co-owners of the Leviathan gas field off the coast of Israel has signed an agreement with the Palestine Power Generation Company for the sale of $1.2 billion in natural gas over 20 years.

As part of the agreement, the PPGC, which is slated to construct a power plant in Jenin, will purchase 4.75 billion cubic meters of natural gas.

Palestinian Energy Minister Dr. Omar Kittaneh and Delek Group owner Yitzhak Tshuva were present for the official signing of the agreement in Jerusalem.

— JNS.org

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