Netanyahu on gas deal: Project will provide Israel with influx of billions of shekels

November 1, 2015 12:07


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Prime Minister Benjamin Netanyahu, during Sunday's cabinet meeting, said that a big step is being made in the implementation of the gas deal, following the resignation of Shas chairman Arye Deri from his post as Economy Minister.

"Natural gas will be the number one provider of economical growth in Israel for the next few years," said Netanyahu.

He said that the investment of billions of dollars in the project over the span of the next few years will spur economic growth through the creation of new industries and jobs.

"The gas supply will help lower the high cost of living in Israel, and will decrease the price of energy. It will give Israel independence in the realm of energy - no longer will we be dependent on foreign sources for energy."

He also said that the project will draw an influx of billions of shekels in the next twenty years.

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