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Investor Relations
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FinancialNews
02-02-19
Leviathan gas field to connect Israel with Europe, Arab nations
(MENAFN) Israel's Leviathan gas field will be linking Tel Aviv to the gas market within Europe and extended to the Arab world with Jordan and Egypt specifically included.
Israeli Prime Minister Benjamin Netanyahu made the statement while launching the installation of the lower part of the Leviathan gas field platform in the middle of the Mediterranean Sea.
"Two-thirds of the gas revenue from this facility will be transferred directly to the treasury of the state and about hundreds of billions of shekels will be used in the areas of education and social welfare and funding vital needs," the prime minister stated.
"The completion of the gas platform in the Levitan field in the Mediterranean Sea and the start of gas pumping and delivery throughout the year is a critical element of the State of Israel's strategy," Netanyahu stressed.
"Gas is a vital component of our strategic power, energy, economy and diplomacy," he noted, adding that "this is a very important revolution, turning Israel into an energy superpower, giving us independence in this area and giving us great power."
MENAFN0202201900450000ID1098060467
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