Israel's Prime Minister Benjamin Netanyahu speaks during a news conference at his office in Jerusalem August 13, 2015. REUTERS/Ronen Zvulun
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Israeli Prime Minister Benjamin Netanyahu Thursday announced a major deal between his government and a consortium including U.S. firm Noble Energy on natural gas production in the Mediterranean Sea.Criticism of existing agreements had unnerved foreign investors eyeing the development of Leviathan, one of the largest offshore gas discoveries worldwide in the last decade.Local media have reported that, under the deal, the price of gas will be linked to an energy index, which will result in rates lower than in previous agreements.Netanyahu has pushed hard to speed up gas production in the Mediterranean, drawing criticism from political opponents who accuse him of not ensuring sufficient benefits for the Israeli public in the negotiations.
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