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UK and UAE gas firms place $4 biln bid for Israeli energy ...Kuwait
Gas giants British Petroleum (BP) and Abu Dhabi National Oil Company (ADNOC) placed a $4 billion offer to purchase half of NewMed Energy, the Israeli company said on Tuesday. The participation of Emirati firm ADNOC is the latest sign of the quickening normalisation of relations between Israel and the UAE since their opening of diplomatic ties in 2020 and their signing of a free trade deal last year which takes effect next month. Palestinians and their allies have slammed efforts towards normalisation as systematic attacks against Palestinians continue. NewMed, which holds 45 percent of Israel's Leviathan offshore gas field, said the "non-binding indicative offer" was
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