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Israel Rejects $35B Gas Deal, Strains U.S.-Egypt Ties

10/31/2025

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Summary

Story summary

Israeli Energy Minister Eli Cohen refused to sign a $35 billion gas agreement with Egypt, prompting cancellation of a planned visit to Israel by U.S. Energy Secretary Chris Wright.
Cohen's office says U.S. officials pressured Israel to approve the deal, but Cohen seeks Israeli interests and a fair price first.
The move could jeopardize Israel's Leviathan gas export to Egypt and strain U.S.–Egypt relations over the Israel-Hamas ceasefire.

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Story summary

Israeli Energy Minister Eli Cohen refused to sign a $35 billion gas agreement with Egypt, prompting cancellation of a planned visit to Israel by U.S. Energy Secretary Chris Wright.
Cohen's office says U.S. officials pressured Israel to approve the deal, but Cohen seeks Israeli interests and a fair price first.
The move could jeopardize Israel's Leviathan gas export to Egypt and strain U.S.–Egypt relations over the Israel-Hamas ceasefire.