Deal with Gazprom in the works

Israel will start negotiations with the Russian natural gas company Gazprom over a 30-year supply contract, which will be part of a diplomatic framework between the two countries.

By SHARON WROBEL
February 12, 2007 07:39

 
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Israel will start negotiations with the Russian natural gas company Gazprom over a 30-year supply contract, which will be part of a diplomatic framework between the two countries. The preliminary agreement was formed during last week's visit of Minister of National Infrastructures Binyamin Ben-Eliezer to Russia in a meeting with Alexey Miller, the head of Gazprom, the world's largest gas company. Miller said that Gazprom was now conducting a feasibility survey for planning supplies to Israel, but prices, quantities and schedules still needed to be negotiated. Miller clarified that the basis for the deal needed to be preceded by an agreement between the two governments. Furthermore, he said he believed the potential of the cooperation with Israel could grow beyond the natural gas deal.

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