Israel Approves Largest Gas Deal to Supply Egypt Amid Gaza Genocide
$35bn Leviathan agreement advances Israeli energy dominance as Gaza faces ongoing destruction
Occupied Palestine, PUREWILAYAH.COM — The Israeli regime has approved what it describes as the largest natural gas export deal in its history, a multibillion-dollar agreement to supply natural gas from the Leviathan gas field to Egypt, easing Cairo’s energy shortages while reinforcing Israeli and US strategic interests in the region.
Israeli Prime Minister Benjamin Netanyahu announced on Wednesday that the deal, valued at 112 billion shekels (approximately $34.7 billion), was signed in August with the US energy company Chevron and its Israeli partners.
Netanyahu Hails Deal as Strategic and Security Victory
“I have today approved the largest gas deal in Israel’s history,” Netanyahu said in a televised statement. “This deal with the American Chevron company, with Israeli partners, will supply gas to Egypt.”
Netanyahu stated that approval of the agreement had been delayed due to unresolved issues, adding that he authorized it only after securing what he described as Israel’s “vital security and other interests,” which he declined to detail.
According to Netanyahu, the deal strengthens the Israeli regime’s position as a regional energy power and contributes to what he termed “regional stability,” despite ongoing Israeli violations of the sovereignty of multiple states across the region.
Egypt’s Energy Crisis and Growing Dependence on ‘Israeli’ Gas
Egypt’s natural gas production began declining in 2022, forcing Cairo to abandon its ambitions of becoming a regional energy hub. Since then, Egypt has increasingly relied on gas imports from the Israeli regime to compensate for domestic shortfalls and stabilize its energy supply.
The Leviathan field—one of the largest offshore gas discoveries in the eastern Mediterranean—has become central to Israel’s expanding role as a regional energy exporter, particularly to neighboring states facing supply constraints.
The deal is expected to generate substantial revenues for the Israeli regime, with Netanyahu stating that revenues would reach approximately 6 billion shekels annually within a few years, following major infrastructure investments including pipeline expansion.
US Backing, Egyptian Commitments, and Gaza-Linked Conditions
According to Ynet, it remains unclear whether Egypt committed to additional measures sought by the Israeli regime, including actions related to security coordination and the alleged transfer of military equipment into Gaza.
Ynet reported that the Israeli regime raised demands concerning what it described as Egyptian violations of existing agreements, particularly regarding the deployment of forces, weapons, and infrastructure in the Sinai Peninsula.
From Washington’s perspective, the outlet noted, approval of the deal aligns with US interests. The agreement is expected to deliver significant profits to Chevron while strengthening ties between the Israeli regime and Egypt and reinforcing US influence across West Asia and North Africa.
Ynet further reported that approval of the gas deal may pave the way for a trilateral summit involving Netanyahu, US President Donald Trump, and Egyptian President Abdel Fattah el-Sisi, with Cairo reportedly making the deal’s approval a condition for el-Sisi’s participation.