Israel-Egypt Gas Deal, Largest Ever

Israeli Prime Minister Benjamin Netanyahu announces a $35 billion natural gas export deal with Egypt, marking Israels largest gas agreement. The fifteen-year deal involves supplying gas to Egypt, with half the proceeds going to Israels state funds. The gas will be delivered by Chevron, potentially improving Israel-Egypt relations. Netanyahu hails the deal as strengthening Israels regional energy power and contributing to stability. Earlier, Israeli Energy Minister Eli Cohen delayed the deal due to unfavorable terms, but later supported the final agreement. Separately, German lawmakers approve a $6.5 billion expansion of Israels Arrow Three missile defense system, Germanys largest defense export deal.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.