US EditionNetanyahu approves a $35 billion natural gas export deal to Egypt, the biggest in Israeli history
The $35 billion deal with Egypt will generate up to NIS 6 billion ($1.9 billion) annually by 2033 and is the largest export contract in Israeli history, Netanyahu said.
- Israeli Prime Minister Benjamin Netanyahu has approved a $35 billion natural gas export deal with Egypt over the next 15 years.
- The deal, involving U.S. energy giant Chevron, is expected to strengthen Israel's position as a regional energy power and contribute to stability in the region.
- In a separate development, Germany expanded its defense agreement with Israel for the sophisticated Arrow 3 missile defense system to $6.5 billion, marking Israel's largest defense export deal.
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44 Articles
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GH HeadlinesIsrael Approves $37 Billion Deal to Deliver Gas to Egypt
Prime Minister Benjamin Netanyahu of Israel on Wednesday said that he had approved the “largest gas deal” in the country’s history, granting an export permit for a $37 billion agreement allowing Chevron and other energy companies to significantly expand gas deliveries to neighboring Egypt. Mr. Netanyahu trumpeted the agreement, saying it would bolster Israel’s regional position, generate about $18 billion in taxes and other revenue over time and…
Israeli PM Netanyahu announces $35 billion gas deal with Egypt as US pushes for summit
Israeli Prime Minister Benjamin Netanyahu announced a $35 billion gas deal with Egypt on Wednesday evening as the US pushes for a summit between the leaders of the two countries.
Israeli Prime Minister Benjamin Netanyahu will export $35 billion worth of natural gas to Egypt.
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