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Israel lost $16.8m due to halt of gas production during Gaza offensive

Smoke rises after Israeli warplanes carried out airstrikes in Gaza City, Gaza on 5 May 2019. [Ali Jadallah - Anadolu Agency]
Smoke rises after Israel carried out air strikes in Gaza City, Gaza on 5 May 2019 [Ali Jadallah/Anadolu Agency]

Israel lost 60 million shekels ($16.8 million) from gas exports as a result of the two-day assault launched against the Gaza Strip earlier this month, a member of  the Knesset revealed yesterday.

Al-Wattan Voice reported the Hebrew newspaper Maariv saying that the loses were a result of Energy Minister Yuval Steinitz’s decision to halt gas production at the from Tamar gas field during the attack on Gaza on 4-5 May.

Israeli Member of the Knesset Orit Farkash-Hacohen revealed that 60 million shekels ($16.8 million) had been lost as a result and this would be recouped from tax funds.

Twenty-seven Palestinians were killed during Israel’s attack on the besieged Gaza Strip, including two toddlers, two expectant mothers and one minor. Four Israelis were also killed.

Experts have said the attack was halted because Israel is hosting the Eurovision Song Contest and it did not want news of the attacks to overshadow the global music event, or to deter participants and concert goers from attending.

READ: Israel army urges forces at Gaza fence to show ‘restraint’ during Eurovision

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