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Israel's $35B Gas Deal with Egypt: Short Gains, Long Risks

12/26/2025

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Summary

Story summary

Prime Minister Benjamin Netanyahu and Energy Minister Eli Cohen announced a $35 billion gas deal with Egypt, claiming it will strengthen Israel's economy without raising energy prices.
Critics warn the agreement could deplete domestic reserves and raise electricity costs by 2035.
Experts say Israel must balance export ambitions with domestic energy security.
The deal may provide short-term gains while risking longer-term vulnerability to rising gas prices and imports.

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Story summary

Prime Minister Benjamin Netanyahu and Energy Minister Eli Cohen announced a $35 billion gas deal with Egypt, claiming it will strengthen Israel's economy without raising energy prices.
Critics warn the agreement could deplete domestic reserves and raise electricity costs by 2035.
Experts say Israel must balance export ambitions with domestic energy security.
The deal may provide short-term gains while risking longer-term vulnerability to rising gas prices and imports.