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— 🇪🇬/🇮🇱 NEW: Egypt has signed a $35 billion deal with the Israeli energy firm ‘NewMed’ to receive 130 billion cubic meters of gas from the ‘Leviathan’ gas field until 2040
The deal marks the largest gas export deal in Israel’s history.
Egypt relies on Israel for 15-20% of its gas consumption, and its domestic gas production has decreased by at least 40% since 2021.