Archive · 18 Dec 2025
Netanyahu Approves $35bn Gas Deal with Egypt
The leader of Israel, Benjamin Netanyahu, has agreed to a very big deal to sell natural gas to Egypt.
This deal is worth about $35 billion.
A lot of this money will go to the Israeli government to help with things like schools, hospitals, and making the country safer.
The gas will be supplied by an American company called Chevron and some Israeli companies.
This deal is the biggest one ever for Israel in terms of selling things to other countries.
It will help Israel become more important in the energy world and make the region more stable.
Israeli Prime Minister Benjamin Netanyahu approved a $35 billion gas export deal with Egypt.
The deal is the largest in Israel's history, with $18 billion going to the state coffers.
The agreement involves the American company Chevron and Israeli partners supplying gas to Egypt.
The deal will increase the total volume of gas supplied to Egypt to 130 billion cubic meters.
The revenue from the deal will be used to strengthen education, healthcare, infrastructure, and security in Israel.
- Who
- Israeli Prime Minister Benjamin Netanyahu, Energy Minister Eli Cohen, Chevron, NewMed Energy, Israeli partners
- What
- Approval of a $35 billion gas export deal with Egypt
- When
- Wednesday (specific date not mentioned)
- Where
- Israel and Egypt
- Why
- To strengthen Israel's status as a regional energy power and contribute to regional stability, with revenue going to state coffers for various public services
- Deal Value
- $34.7 billion (112 billion shekels)
- State Revenue
- $18 billion (58 billion shekels)
- Gas Volume
- 130 billion cubic meters
- Companies Involved
- Chevron, NewMed Energy, Israeli partners
- Approval Date
- Wednesday (specific date not mentioned)
