TOINNOV - Breaking Blockchain, Crypto & ICO News

learn more
more than 10 000 people every month reads TOINNOV learn more

Yuri Morozov, founder of Bubbletone Blockchain for Telecom: "With the help of the blockchain, we can change the entire global ecosystem of telecommunications"

An interview with Bubbletone Blockchain for Telecom founder, Yuri Morozov, whose company aims to rev...

Israel approves the construction of a gas pipeline to Gaza

The project will be funded by several foreign investors.

16.Sep.16 5:48 AM
By Alesya Davydova


Israel approves the construction of a gas pipeline to Gaza

The officials from Israel and the Palestine Authority have agreed on a deal to construct a natural gas pipeline that is to go from Israel into the Hamas-run Gaza Strip, The Times of Israel informs.

The region has an acute energy shortage today. Local utility authorities use an 8-hour on, 8-hour off pattern to provide enough energy for the citizens living on the territory. Gaza’s sole plant now runs at half of its 140 MW capacity. On Tuesday the Israeli government approved the project of a gas pipeline to be built to Gaza Strip.

“We want to help the population of Gaza and the first step is to improve the supply of energy and water… including laying a gas pipeline,” Israeli Prime Minister Benjamin Netanyahu said during a visit to The Netherlands earlier this month.

Several foreign countries have already confirmed their participation in funding the construction of the pipeline, and the committee of donor states is going to meet in New York later this month. The Netherlands has been a key player in facilitating a feasibility study for the pipeline in cooperation with the United States, the United Nations, the European Union and Russia.

Back to the list

Related Information: