Israel-Egypt Gas Deal: $53B Export Agreement
Update: 2025-12-17
Description
Israel and Egypt have signed a historic gas export deal, valued at over fifty-three billion Australian dollars, to supply up to thirty-five billion US dollars worth of gas from the Leviathan field. This agreement, initially signed in August, aims to alleviate Egypts energy crisis and enhance regional stability, following a decline in Egypts own gas production.
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