Israeli PM Netanyahu announces $35 billion gas deal with Egypt as US pushes for summit (edition.cnn.com)

submitted 20 hours ago by cm0002@no.lastname.nz to c/world@quokk.au

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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 (about $34.6 billion).

The deal involves American energy company Chevron and will supply gas to Egypt.

US President Donald Trump has been trying to arrange a summit between Netanyahu and Egyptian President Abdel Fattah el-Sisi as he pursues regional peace deals and an expansion of the Abraham Accords.

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[-] Hotznplotzn@lemmy.sdf.org 1 points 4 hours ago

Israel's import partner number 1 will still be China. Between 2017 and 2024, Israel’s imports have been increasing from USD 9.0 billion to 19.1 billion, reflecting a compound annual growth rate (CAGR) of 16.2%, with the latest data for January–August 2025 show a continued expansion with imports totaling USD 13.4 billion, marking a 17.6% year-on-year increase.

Only the Israeli military swerves away Chinese technology (the country's major import product from China) over fears of espionage and the fact that data is sent to China.

China has long been a major supplier of Israel's surveillance tech for the repression of Palestinians (an archived link is here).

this post was submitted on 19 Dec 2025

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