The gas will be delivered to Egypt over the next 15 years by U.S. energy giant Chevron, a key owner of the gas field off Israel’s coast in the Mediterranean Sea. Egypt, which borders both Israel and Gaza, has served as a key mediator between Israel and the Palestinian militant Hamas group leading up to the U.S.-brokered ceasefire that was agreed on in October. The expansion brings the value of the deal from $3.5 billion to $6.5 billion, making it the largest Israeli defense export deal ever, according to the ministry.
Author: Julia Frankel
Published at: 2025-12-17 22:58:09
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