Netanyahu announces historic $35 billion gas deal with Egypt

Prime Minister Benjamin Netanyahu has unveiled a landmark natural gas export agreement with Egypt valued at approximately $35 billion, which he described as the largest in Israel's history. The announcement awaits official confirmation from Egyptian authorities.
Israeli Prime Minister Benjamin Netanyahu has announced the approval of a historic energy export agreement with Egypt, a deal valued at roughly $35 billion (112 billion shekels). In a televised address on Wednesday, Netanyahu hailed it as "the largest gas deal in Israel's history," marking a significant expansion of economic ties between the two regional neighbors.
Deal's Significance and Regional Energy Context
The multi-billion dollar agreement represents a major strategic and economic milestone for Israel's energy sector, building upon existing gas exports to Egypt via the East Mediterranean Gas (EMG) pipeline and other arrangements. It solidifies Egypt's role as a key regional energy hub, where Israeli gas can be liquefied for re-export to global markets. The deal underscores the deepening, albeit complex, partnership between Israel and Egypt, which have maintained a peace treaty since 1979.
Awaiting Egyptian Confirmation and Geopolitical Implications
As of Wednesday evening, there was no immediate official statement or confirmation from the Egyptian government regarding the finalized deal. Such a high-value, long-term energy partnership carries significant geopolitical weight, potentially influencing regional dynamics and energy security. It also occurs amidst broader shifts in the Eastern Mediterranean's energy landscape.
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