US Edition
Egypt Signs $35bn Deal to Import Natural Gas From Israel
ISRAEL, AUG 7 – The $35 billion deal will supply 130 billion cubic meters of gas from Israel's Leviathan field to Egypt by 2040, tripling previous exports and easing Egypt's energy crisis.
- On August 7, 2025, the partners of Israel’s Leviathan offshore gas field finalized a historic deal valued at $35 billion to supply natural gas to Egypt, with exports scheduled to continue until 2040.
- The deal expands a prior 2019 agreement and comes as Egypt faces energy shortfalls despite significant LNG imports and regional tensions.
- The agreement includes phased deliveries with 20 billion cubic meters starting in early 2026 requiring pipeline upgrades, and 110 bcm in a second phase pending infrastructure completion.
- Leviathan’s production capacity is expected to reach 21 bcm per year, with as much as 12 bcm designated for supply to Egypt. Yossi Abu, CEO of NewMed, described the agreement as a landmark export arrangement in the eastern Mediterranean region.
- The deal strengthens Egypt’s role as an energy hub, supports its economic growth forecasted at 3.8%-4.3% in 2024-25, and signals deeper regional cooperation despite ongoing conflicts nearby.
33 Articles
33 Articles
Thirty years ago, few would have believed that the most lucrative agreement in the history of Israeli exports would have been signed with Egypt. NewMed Energy, owner of a quota of 45%, another 40% is held by Chevron's natural gas field Leviathan active since 2019 and located off the northern coast of Israel, yesterday announced the signing of an agreement of 35 billion dollars for the export of natural gas to Egypt, struggling with an energy cri…
Egypt and Israel Ink Historic Trade Deal - Geller Report
Egypt refers to Israel as a “strong regional partner” while the UK, France, and Canada are throwing Israel under the bus. Nuts. No media coverage, of course. 8/ Israel’s $35B deal: Strengthens the Egypt–Israel alliance Weakens Iran Lowers global LNG prices Fuels 40 years of regional stability This is how you win without war. pic.twitter.com/H0HGvfrudq — Rod D. Martin (@RodDMartin) August 7, 2025 Not that most media outlets would acknowledge it,…
In Israels largest gas deal Leviathan partners ink 35 billion export deal with Egypt
Deal will almost triple the annual amount of natural gas supplied from the Leviathan offshore field to Egypt, and boost state revenue from royalties The post In Israels largest gas deal Leviathan partners ink 35 billion export deal with Egypt appeared first on Jerusalem World News.
Coverage Details
Bias Distribution
- 42% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
