In a landmark move set to reshape the regional energy landscape, Egypt and Israel have signed a monumental $35 billion gas export deal the largest in Israel’s history. The agreement, announced this week, will see Israel significantly boost natural gas supplies to Egypt over the next decade, cementing Cairo’s position as a key hub for liquefied natural gas (LNG) exports to Europe and beyond.
Under the terms, Israel will channel gas from its Leviathan and Tamar offshore fields to Egypt’s LNG facilities, where it will be processed and shipped to international markets. Energy officials from both nations hailed the deal as a “strategic breakthrough” that not only strengthens bilateral ties but also addresses Europe’s growing demand for diversified energy sources amid ongoing geopolitical tensions.
Egypt’s Petroleum Minister described the agreement as a “win-win,” noting that the revenue will support infrastructure upgrades and expand Egypt’s role as a regional energy leader. Israeli Energy Ministry representatives echoed the sentiment, calling it a “transformational partnership” that solidifies Israel’s status as a major energy exporter.
Industry analysts say the timing is critical. With global energy markets in flux, this deal positions both countries to capitalize on soaring LNG prices while boosting long-term economic cooperation. The partnership also sends a strong signal of stability and mutual interest in a region often marked by political tensions.
The first shipments under the new terms are expected to begin within months, ushering in what both sides are calling a “new era” of energy collaboration.
