Israel's Leviathan natural gas field has signed a $35 billion supply agreement with Egypt, marking the largest export deal in Israel's history. The contract, announced by NewMed Energy, one of Leviathan's co-owners, will see Israel export up to 130 billion cubic meters of natural gas to Egypt through 2040. Israeli Energy Minister described the deal as the largest gas agreement in the country's history. Analysts have noted the deal's potential to be a game changer for Egypt's energy sector. Despite the ongoing conflict in Gaza and Egypt's political stance accusing Israel of genocide, the agreement has moved forward. The deal has sparked growing opposition and backlash within Egypt and internationally, with some countries like Norway announcing economic boycotts of Israel in solidarity with Gaza. The agreement may also enable Egypt to resume LNG exports in the future.
Opposition is growing against Egypt's massive gas import deal with Israel 👇 https://t.co/Ejx0yCiQbS
Egypt's gas import deal with Israel faces growing backlash https://t.co/Ejx0yCiQbS
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