Tel Aviv
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Israeli Prime Minister Benjamin Netanyahu announced a $35 billion gas deal with Egypt on Wednesday evening as the US pushes for a summit between the leaders of the two countries.
In a televised statement, Netanyahu hailed the agreement as “the largest gas deal in Israel’s history.” He said the deal was valued at 112 billion shekels (approx. $34.6 billion).
The deal involves American energy company Chevron and will supply gas to Egypt.
“This deal greatly strengthens Israel’s status as a regional energy power and contributes to stability in our region. It encourages other companies to invest in gas exploration in Israel’s economic…
