Overview
- The agreement covers exports from the offshore Leviathan field about 130 kilometers west of Haifa at roughly 1,700 meters depth, with Chevron, NewMed Energy and Ratio Energies as partners.
- Netanyahu presented the accord as a step that strengthens Israel’s role as a regional energy supplier and supports stability.
- He said he approved the deal only after ensuring other essential security interests were safeguarded.
- Israeli media, citing the Jerusalem Post, reported that U.S. officials pushed for a swift conclusion to potentially enable a meeting with Egypt’s president and President Trump.
- Egypt is in a deep economic crisis and already relies on Israeli gas to meet rising demand from industry and households.