Israeli Prime Minister Benjamin Netanyahu has unveiled what he is calling the largest gas agreement in Israel’s history, striking a deal with Egypt valued at approximately $35 billion. The agreement comes at a critical time, as Israel grapples with rising energy demands and an ongoing energy crisis.
The deal will see Israel exporting a substantial volume of natural gas to Egypt over the coming years, marking a significant step in regional energy cooperation. Despite Egypt’s long-standing criticism of Israel’s military actions in Gaza, including allegations of genocide, the two countries have found common ground over energy needs, demonstrating how strategic interests can bridge deep political divides.
Analysts suggest that this partnership not only strengthens Israel’s energy security but also provides Egypt with a reliable source of natural gas to meet its domestic demands. The agreement is expected to boost Israel’s economy through long-term revenue and reinforce its position as a key player in the regional energy market.
While the deal is primarily economic, it carries broader geopolitical implications, signaling potential shifts in alliances and cooperation in the Middle East. Observers are watching closely to see how this unprecedented agreement influences Israel-Egypt relations and the wider regional balance of power.