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Israel to Boost Leviathan Gas Supply to Egypt in Major New Deal

Bloomberg.com · last updated

The companies operating Israel’s biggest gas field agreed to supply fuel worth $35 billion to Egypt over the next decade and a half, the latest sign of the North African country’s dependence on imports for the long haul.

The Leviathan project will send 130 billion cubic meters of gas to Egypt, starting with 20 billion in the first half of 2026 and increasing to 110 billion once an expansion project is completed, Israel’s NewMed Energy LP, which is a partner in the project, said in a statement. The gas will be delivered to buyer Blue Ocean Energy over 14 years.

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