Prime Minister Benjamin Netanyahu and Energy and Infrastructure Minister Eli Cohen on Wednesday announced the approval of what they described as the largest natural gas deal in the history of the State of Israel, with a total scope of NIS 112 billion (approximately $35 billion).

Addressing the public, Prime Minister Netanyahu said, "Dear citizens of Israel, today I approved the largest gas deal in Israel's history. The scope of the deal stands at NIS 112 billion. Out of this, NIS 58 billion will go to the state treasury."

Netanyahu detailed the expected timeline of state revenues, emphasizing the long-term impact of the agreement. "Initially, in the first four years, we will receive about half a billion shekels for the state treasury," he said, noting that during this period the companies involved will be making "massive" infrastructure investments, including pipeline expansion.

"Afterward, it begins to rise," the Prime Minister continued, "and within a few years, it reaches NIS 6 billion every year for the state treasury. This money will strengthen education, health, infrastructure, security, and the future of coming generations."... Read More: Arutz-7