Israel Signs $35 Billion Gas Deal with Egypt in Historic Leviathan Expansion ...Middle East

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Israel Signs $35 Billion Gas Deal with Egypt in Historic Leviathan Expansion
source : OILPRICE ( Middle East ) () 48
In a landmark move reshaping East Mediterranean energy dynamics, Israel’s Leviathan Partnership has signed a record $35 billion natural gas export agreement with Egypt. The deal, finalized between NewMed Energy and Egypt’s Blue Ocean Energy, will supply an estimated 130 billion cubic meters (BCM) of gas from the offshore Leviathan field through 2040, marking the largest such transaction in Israeli history. The new accord upgrades a previous 2020 deal and commits to a two-phase delivery expansion. Phase One will add 20 BCM beginning…

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