NewMed, which leads the Leviathan Partnership, described the deal as “the most significant move since the discovery of gas reserves in Israel. ” In thelargest export deal in Israel’s history, NewMed Energy and its Leviathan gas partners have signed a $35 billion agreement to supply approximately 130 billion cubic meters (BCM) of natural gas to Egypt by 2040.

Israel's Leviathan natural gas field has signed the largest export agreement in the country's history, worth up to $35 billion to supply gas to Egypt, NewMed , one of the partners in the field, said on Thursday.

Deal will almost triple the annual amount of natural gas supplied from the Leviathan offshore field to Egypt, and boost state revenue from royalties The post In Israel’s largest gas deal, Leviathan partners ink $35 billion export deal with Egypt appeared first on The Times of Israel.