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Israel-Egypt Nat Gas Deal 'Purely Commercial,' Says Cairo
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Why This Matters
Egypt has approved a $35 billion natural gas deal with Israel, emphasizing it's purely commercial and government-free, with private companies Chevron, NewMed Energy, and Ratio Petroleum Energy supplying gas from the Leviathan field.
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Market impact analysis based on neutral sentiment with 69% confidence.
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Neutral
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69%
Article Context
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Israel's agreement to supply Egypt with 130 billion cubic meters of natural gas worth $35 billion through 2040 has been approved after pressure from Washington, with Egypt emphasizing the deal is "purely commercial," according to Egypt's State Information Service, adding that the deal was struck by private energy companies with zero government involvement. Under the agreement, Chevron Corp. (NYSE:CVX), NewMed Energy (OTCPK:DKDRF)(TASE: NWMD) and Ratio Petroleum Energy (TASE: RTPT) will supply Egypt with natural gas from Israel's Leviathan gas field,…
Original article published by
OilPrice.com
on December 18, 2025.
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