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Egypt Secures $35 Billion Gas Deal with Israel Amid Tensions

12/19/2025

Summary

Story summary

Egypt has confirmed a $35 billion natural gas deal with Israel, described as purely commercial and with no political implications.
Diaa Rashwan, head of Egypt’s State Information Service, says private-energy firms will supply up to 130 billion cubic meters from Israel's Leviathan through 2040.
The deal strengthens Egypt's regional gas-hub role.
The arrangement comes amid Gaza tensions, and Egypt reiterates support for Palestinian rights and a two-state solution.

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Story summary

Egypt has confirmed a $35 billion natural gas deal with Israel, described as purely commercial and with no political implications.
Diaa Rashwan, head of Egypt’s State Information Service, says private-energy firms will supply up to 130 billion cubic meters from Israel's Leviathan through 2040.
The deal strengthens Egypt's regional gas-hub role.
The arrangement comes amid Gaza tensions, and Egypt reiterates support for Palestinian rights and a two-state solution.