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$35 Billion Gas Deal with Egypt Sparks Controversy

12/29/2025

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Story summary
  • Prime Minister Benjamin Netanyahu and Energy Minister Eli Cohen announced a $35 billion natural gas deal with Egypt.
  • Critics say it will boost the economy without raising energy prices.
  • They warn it risks depleting domestic gas reserves and raises electricity costs by 2035.
  • Experts urge a long-term energy strategy to avoid imports and preserve energy security.
  • The government faces pressure from gas companies prioritizing export profits over local needs.