Energy minister Yuval Steinitz's plan calls for investment of NIS 80 billion, mostly on solar power plants and storage installations.
Israel Electric Corporation will be able to on-sell its surplus LNG at much lower prices than those of gas piped from Israeli reservoirs.
The maximum price of government price controlled 95 octane gasoline at self-service pumps in Israel will rise by NIS 0.42 to NIS 5.21 per liter on Sunday night, June 1.
China Harbor's involvement in the consortium bidding for Ramat Hovav will be another test of Israeli policy, following US pressure to distance itself from China.
Delek has signed an agreement to sell all its rights to royalties from the Karish and Tanin offshore gas fields to the Noy Fund for NIS 318 million.
IEC CEO Ofer Bloch: Even at a time of global crisis, investors were not deterred, and injected high demand for the offering.
The company is believed to be planning to raise NIS 150 million at a valuation of NIS 500-550 million.