Archive · 7 Aug 2025
Egypt Deepens Gas Dependency with New Israel Import Deal
Egypt has agreed to buy more natural gas from Israel.
This new agreement will last a long time and is worth a lot of money.
Egypt needs this gas because its own gas fields aren't producing as much as people need.
Buying gas from Israel is cheaper than buying it from other places in the world, like on the short-term market.
The deal will potentially save money and provide energy for the country.
There were some supply issues in the past, so it is important to have a steady supply.
It shows that Egypt needs gas to fuel its economy.
Egypt is increasing its natural gas imports from Israel's Leviathan field.
The new deal is for 130 billion cubic meters of gas over 14 years, starting in 2026.
The deal, worth approximately $35 billion, is the largest in Israel's history.
Egypt became a net gas importer in 2024 due to rising domestic demand and declining output.
The new agreement could potentially reduce Egypt's LNG imports, saving costs.
- Who
- Egypt is importing gas from Israel.
- What
- Egypt will import more natural gas from Israel.
- When
- The new agreement starts next year, with the bulk of gas delivered from 2026 to 2040.
- Where
- The gas is coming from Israel's Leviathan field and going to Egypt.
- Why
- Egypt needs gas to meet rising domestic demand and compensate for declining production.
Egypt's Perspective
Israel's Perspective
Supply Security
Egypt's Perspective
Dependence on gas imports from Israel.
Israel's Perspective
Potential supply vulnerabilities due to reliance on imports.
- Gas Volume
- 130 billion cubic meters
- Deal Value
- $35 billion
- Duration
- 14 years
- Start Year
- 2026
- Israeli Partner
- NewMed Energy LP
- Egyptian Buyer
- Blue Ocean Energy