Israel Reaches Natural Gas Deal, Paves Way to New Output
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Israel and the developers of the country’s natural gas fields reached an agreement on a regulatory framework, coming one step closer to resolving a dispute that’s held up production. Shares of Israeli energy explorers rallied.
Israeli Prime Minister Benjamin Netanyahu said the deal would contribute billions to the economy and called on cabinet members to approve it. “There is every reason to adopt this framework,” he said at a news conference in Jerusalem. “Do not succumb to populism.”