Latest gas deal reflects warmer Israel-Egypt ties
Encouraged by the Abraham Accords, Egypt's President Abdel Fattah Al-Sisi has taken a strategic decision to deepen ties with Israel.
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Encouraged by the Abraham Accords, Egypt's President Abdel Fattah Al-Sisi has taken a strategic decision to deepen ties with Israel.
The new price will be $4.5 per million British thermal units (mmBtu).
“We are excited to be in the energy industry in the eastern Mediterranean, especially in Israel,” said Jeff Ewing, Managing Director of Chevron’s Eastern Mediterranean Business Unit.
Chevron has increased its lower carbon capital investments and expects to spend over $10 billion on lowering its carbon emissions.
'We are excited to be in the energy industry in the eastern Mediterranean, especially in Israel,' Chevron's Jeff Ewing told The Jerusalem Post.