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Israel and Egypt Near $35 Billion Gas Export Deal

12/12/2025

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Story summary
  • Israeli Energy Minister Eli Cohen said Israel and Egypt are close to finalizing a $35 billion natural gas export agreement.
  • The deal would export 130 billion cubic meters of gas from Israel's Leviathan field to Egypt by 2040.
  • Cohen emphasized the need for security assurances and fair pricing for Israeli consumers.
  • The agreement has faced delays due to political tensions, and U.S. diplomatic pressure has intensified to expedite resolution.