Israeli Prime Minister Benjamin Netanyahu announced on Wednesday that his government has approved a major natural gas deal with Egypt worth about $35 billion, describing it as the largest deal in Israel’s history in terms of value and export volume.
Israel’s Channel 14 quoted Netanyahu as saying that the gas deal with Egypt represents an “economic and strategic achievement”.
Under the agreement, natural gas will be exported from fields occupied by Israel, mainly the Leviathan field, to Egypt over many years and in large quantities.
This marks a clear shift from previous years, when Egypt achieved relative self-sufficiency in natural gas and even exported it at certain times.
Despite the Israeli announcement, the Egyptian government has not yet issued any official statement confirming the details of the deal or explaining its terms, including prices, volumes, contract duration, or implementation mechanisms. This has raised wide questions in economic and media circles.
Some observers say the unilateral announcement by Israel reflects domestic sensitivity in Egypt over the issue, amid recurring public debate about importing gas from Israel and its impact on energy security and economic sovereignty.
Link : https://www.middleeastmonitor.com/20251218-netanyahu-announces-approval-of-35bn-gas-deal-with-egypt/
