“The agreement is a further proof of the important economic cooperation between the two countries and the tremendous positive impact that these relations have on both economies."
In an attempt to pay a lower tax rate for a sale they had made, Shraga Brosh attempted to falsify documents to have his company registered as a family company.
"This is another milestone for the discovery and development of additional natural resources in the economic waters of the State of Israel," said Energy Minister Yuval Steinitz.
The pipeline, in general, is already in good condition, but the Israeli and Egyptian gas companies found some missing and faulty components.
Israel's comptroller reported on the faulty infrastructure creating a threat through out the state.
For the plaintiffs, a group of private Israeli citizens, the issue at hand is whether Israeli consumers, via the public Israel Electric Corporation, are paying too much.
The Tamar offshore field supplies Israel with some 65 percent of its energy needs.
Natural gas production grinds to a stop after a crack was detected in the rig pipe on Thursday. Over half of Israel's power will be generated using coal for the next few days.
Drilling will begin in 2016's last quarter and connect to the 282 billion-cubic-meter reservoir's infrastructure.
The next step, Steinitz said during a panel discussion, is to develop the natural gas market and integrate it into the larger geopolitical picture.