
Netanyahu Approves $35 Bil. Gas Deal with Egypt
Prime Minister Benjamin Netanyahu and Energy and Infrastructure Minister Eli Cohen announced approval of what they described as the largest natural gas deal in Israel’s history, valued at NIS 112 billion—about $35 billion. The announcement framed the agreement as a major milestone for Israel’s economy and strategic posture, particularly as energy resources increasingly shape regional relationships and national resilience.
Netanyahu said that NIS 58 billion from the deal would go to Israel’s state treasury, describing the expected revenue as a long-term financial stream rather than an immediate one-time gain. He outlined a phased timeline in which the first four years would bring roughly half a billion shekels, while companies involved undertake substantial infrastructure investments, including pipeline expansion to support the scale of the agreement and ensure sustained delivery capacity.
The prime minister said that after the initial investment-heavy stage, annual revenues were expected to rise, reaching about NIS 6 billion each year for the state treasury within a few years. He said the funds would strengthen key national priorities, including education, health, infrastructure, security, and the future of coming generations, presenting the agreement as a practical driver of stability and national development.
Netanyahu also said the agreement involves the American company Chevron, along with Israeli partners and includes supplying natural gas to Egypt. He said he approved the deal after ensuring Israel’s security interests and additional vital interests, while also describing the agreement as strengthening Israel’s status as a regional energy power and contributing to regional stability through reliable energy ties.
(INN/VFI News)
"Remember the LORD your God, for it is He who gives you the ability to produce wealth.”– Deuteronomy 8:18