Abbas In Russia for $1Billion Energy Deal for Gaza

Report speaks of Abbas & Russian PM to sign agreement on a $1Billion Mediterranean natural gas project off the Gaza coast.



Moscow  – Palestinian leader Mahmud Abbas sought on Thursday to secure a billion-dollar Gaza energy deal during talks with Russian leaders aimed at restoring warmer ties between the two Soviet-era allies.

Abbas and Russian Prime Minister Dmitry Medvedev were due to sign an intergovernmental agreement that reports said included a $1.0-billion (730-million-euro) natural gas project in the Gaza section of the Mediterranean Sea.

The state ITAR-TASS news agency said Russia’s natural gas giant Gazprom hoped to produce 30 billion cubic metres of natural gas at the site.

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