So while the BDS (Boycott, Divest and Sanctions) anti-Israel activists in the USA and Europe don’t buy a tube of dead sea face cream produced in Israel, the Palestinian Authority will now be purchasing $1,200,000,000 worth of natural gas from Israel!
The drilling partners behind Israel’s large Leviathan gas reservoir have sealed their first export deal for the basin – a $1.2 billion sales agreement with the Arab Palestinian Power Generation Company.
According to the agreement, signed at the American Colony Hotel in Jerusalem on Sunday, PPGC will buy around 4.75 billion cubic meters of gas for a period of 20 years, to fuel a future power plant in Jenin with a 200-megawatt capacity.
“This is a dual historic event: the first contract to supply gas from the Leviathan reservoir, which is Israel’s largest natural gas reservoir, and the first contract to export gas for the sale of natural gas to a company in the Palestinian Authority,”
said Gideon Tadmor, chairman of Delek Drilling and CEO of Avner Oil Exploration.
“The Leviathan project is expected to have a significant positive impact on the Israeli economy and on its geopolitical positioning. We hope that following the signing of the contract today, more export contracts will be signed with neighboring countries.”
Officials from Delek and the Palestinian Authority