Netanyahu Announces Gas Deal with Egypt - Israel and Egypt Seal €30 Billion Gas Deal in Historic Energy Pact
Israel and Egypt have struck a landmark gas deal worth nearly €30 billion, marking a major economic step between the two nations. Prime Minister Benjamin Netanyahu announced the agreement on December 17, 2025, calling it a turning point for regional energy cooperation. The long-term contract will see Israel supply natural gas to Egypt, with significant financial and political implications.
The deal centres on gas from Israel’s Leviathan field, operated by key stakeholders including Chevron, NewMed Energy, and Ratio Energies. Egypt, facing rising energy demands, will use the imports to power industries and households. The agreement is expected to bring 'huge gains' for Israel, with roughly half of the €30 billion flowing into state funds.
The €30 billion gas agreement will see Israel supply Egypt with natural gas for years to come. Half of the revenue will go to Israel’s government, boosting its economy and energy influence. Despite political disagreements, the deal moves forward, with US backing and Netanyahu’s upcoming visit to Cairo marking a rare diplomatic moment.
