Israel To Approve $35B Gas Export Deal With Egypt Amid U.S. Pressure ...Middle East

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Israel To Approve $35B Gas Export Deal With Egypt Amid U.S. Pressure
source : OILPRICE ( Middle East ) () 66
Israel is expected to approve its $35 billion gas export with Egypt, worth an estimated $35 billion, amid pressure from the Trump administration. Under the deal, Israel will export 130 billion cubic meters of natural gas from the Leviathan gas field to Egypt with partners Chevron Corp. (NYSE:CVX), NewMed Energy (OTCPK:DKDRF)(TASE: NWMD) and Ratio Petroleum Energy (TASE: RTPT) guaranteeing a set price for the domestic economy. Previously, Egyptian Prime Minister Mostafa Madbouly announced that the supply agreement was extended until 2040. However,…

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