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Israel PM announces major offshore gas deal

Noble's have been drilling for gas off the Israeli coast since 2013Israeli Prime Minister Benjamin Netanyahu on Thursday announced a major deal between his government and a consortium including US firm Noble Energy on natural gas production in the Mediterranean Sea. The agreement is aimed at ending months of uncertainty and setting a framework for the exploitation of gas discoveries that are expected to bring major new government revenue. Political risks however remain, including a possible vote in parliament, where Netanyahu holds only a one-seat majority.

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