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Israel has two large offshore gas fields - Tamar and Leviathan - off the coast of the city of Haifa.
In an exclusive op-ed, minister of international relations and cooperation Maite Nkoana-Mashabane underlines the need for a BRICS-led development bank.
It is the largest overseas acquisition ever made by a Chinese company.
The center-left coalition is set to win control of Italy's lower house but fell short of winning a majority in the Senate.
The government will provide increased access to training and public services, and raise income to R$ 70 ($36) per month.
The BRICS Cable will provide Russia, China, Brazil and India a two-way avenue with 21 African countries.
Russian Prime Minister believes voices of developing nations need to be heard in financial institutions.
The acquisition will cost The Chinese Petrochemical Corporation $1.02 billion.
Gerard Depardieu has been made an honorary citizen of the Chechen Republic.