Israel just signed a $35 billion gas deal - here's what energy traders need to know
Key Points
- Israel and Egypt have signed a 15-year gas deal worth $35 bi...
Remember when your biggest relationship commitment was sharing a Netflix password? Israel and Egypt just signed up for a 15-year gas arrangement worth $35 billion, making most marriages look like casual dating by comparison.
The Leviathan natural gas field will be pumping approximately 130 billion cubic meters of gas to Egypt through 2040, starting with 20 bcm by early 2026. To put that in perspective, that's enough gas to power Egypt's entire economy while giving energy traders plenty to talk about at their next dinner party.
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