AI Summary
Egypt has signed a $35 billion (RM148 billion) gas deal with Israel, almost tripling its gas imports from Israel's Leviathan offshore field. The deal, the largest in Israel's history, will see 130 billion cubic meters of gas delivered to Egypt until 2040. Israeli energy company NewMed, a part-owner of the Leviathan field, announced the agreement. This expands on a 2018 deal despite Israel repeatedly halting supply during the Gaza conflict. The new agreement increases Egypt's energy dependence on Israel as it seeks to meet rising domestic demand amid declining domestic gas production.
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