Akin Gump advises on ground-breaking $1.2bn Israeli-Palestine gas deal
Akin Gump Strauss Hauer & Feld has taken a major role on the first contract to export gas from offshore Israel to a company in Palestine. The US firm's London office is representing Palestine Power Generation Company (PPGC) in a $1.2bn (£730m) deal to buy 4.75bn cubic meters of natural gas from the Leviathan gas field over a 20 year period.
January 07, 2014 at 05:53 AM
2 minute read
Akin Gump Strauss Hauer & Feld has taken a major role on the first contract to export gas from offshore Israel to a company in Palestine.
The US firm's London office is representing Palestine Power Generation Company (PPGC) in a $1.2bn (£730m) deal to buy 4.75bn cubic meters of natural gas from the Leviathan gas field over a 20-year period.
PPGC will use the gas to fuel a power plant the company is developing in Jenin, which will in turn help to generate electricity across the West Bank.
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