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Israel seals a €30 billion gas contract with Egypt

An agreement announced on December 17, 2025 provides for twenty years of deliveries through 2040. The package amounts to 112 billion new Israeli shekels (Israeli shekels) (NIS), with flows intended to support Egyptian gas supply and Israeli public revenues.

Israel seals a €30 billion gas contract with Egypt

CountriesÉgypte, Israël, Italie, Qatar, États-Unis
CompaniesNewMed Energy, Eni, Chevron
SectorGaz, Gaz naturel
ThemeInvestissements & Transactions, Contrats

The Israeli government has approved a natural gas export agreement with Egypt with an announced value of 112 billion new Israeli shekels (Israeli shekels) (NIS), or approximately €30 billion. The stated duration is twenty years, with deliveries planned through 2040. The additional volumes mentioned amount to 130 billion cubic meters (milliards de mètres cubes) (BCM). Associated public revenues are estimated at around 58 billion NIS, through royalties, corporate income tax and a windfall profits levy linked to the fiscal framework known as Sheshinski.

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