BDS Fail: Investors Pledge $3.75 Billion to Develop Israel’s Leviathan Gas Reservoir

MEDITERRANEAN SEA, ISRAEL - FEBRUARY 2013: In this handout image provided by Albatross, The Tamar drilling natural gas production platform is seen some 25 kilometers West of the Ashkelon shore in February 2013 in Israel. (Photo Photo by Albatross via Getty Images)
Albatross via Getty

The Jerusalem Post reports: The announcement that that the partners of the Leviathan gas reservoir will invest $3.75 billion in its development is a devastating blow to the BDS movement, Eli Groner, director-general of the Prime Minister’s Office, told The Jerusalem Post on Thursday.

The development of Leviathan, which is scheduled to take about three years, is both the largest energy project and financial investment in Israel in the country’s history.

Groner hailed Thursday’s final investment decision (FID) for ending years of bureaucratic squabbles that all but froze Israel’s natural gas sector, the country’s largest resource, is officially on the road to development.

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