Israel-Egypt Gas Deal Worth $34.6 Billion Announced
Why in the news
Israel announced a major gas export agreement with Egypt on 18 December 2025, which Prime Minister Benjamin Netanyahu described as the largest gas deal in Israel’s history.
Key facts
- Value: about $34.6 billion.
- Volume: around 130 billion cubic metres over the contract period.
- Supplier: NewMed Energy; recipient: Egypt.
- Source: Israel’s offshore Mediterranean fields, with delivery through existing pipeline infrastructure.
- Egypt is expected to liquefy gas for domestic use and possible re-export.
- Israel expects large state revenues from the deal for areas such as education, health and security.
| Item | Detail |
|---|---|
| Deal value | About $34.6 billion |
| Gas volume | About 130 billion cubic metres |
| Supplier | NewMed Energy |
Background
Israel and Egypt signed their peace treaty in 1979. Egypt has liquefaction facilities, which is why Israeli gas can be processed for domestic needs and potential re-export. The announcement was linked to U.S. diplomatic engagement.
Exam angle
- International affairs: note the deal value, volume and company.
- Peace treaty year 1979 is a static fact.
- Energy deals in West Asia matter for India’s energy-security questions.