US EditionEgypt 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.
23 Articles
23 Articles
Israel Signs $35 Billion Gas Deal with Egypt in Historic Leviathan Expansion
In a landmark move reshaping East Mediterranean energy dynamics, Israel’s Leviathan Partnership has signed a record $35 billion natural gas export agreement with Egypt. The deal, finalized between NewMed Energy and Egypt’s Blue Ocean Energy, will supply an estimated 130 billion cubic meters (BCM) of gas from the offshore Leviathan field through 2040, marking the largest such transaction in Israeli history. The new accord upgrades a previous 2020…
Israel Signs $35 Billion Natural Gas Supply Seal With Egypt Amid Gaza Genocide - Quds News Network
Occupied Palestine (Quds News Network)- Israel’s Leviathan natural gas field has reportedly signed the largest export deal in Israel’s history, worth up to $35 billion, to supply gas to Egypt’s NewMed, even as Israel continues its genocide in Gaza and maintains a blockade on humanitarian aid. Reuters reported, citing one of the partners in the field, saying that under the deal announced on Thursday, Leviathan, off Israel’s Mediterranean coast, w…
Coverage Details
Bias Distribution
- 38% of the sources lean Left, 38% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
