Israeli prime minister announces $35B natural gas deal with Egypt
Anadolu Agency5 hrs
Israel Approves Historic $35B Gas Deal with Egypt
Does the deal deliver mutual benefits, or create dangerous dependency on stolen Palestinian resources?
Above: Israeli Prime Minister Benjamin Netanyahu in Jerusalem on Oct. 22. Image credit: Nathan Howard/Pool/Getty Images
The Spin
Pro-Israel narrative
Egypt's $35 billion gas deal with Israel proves the peace framework delivers vital economic benefits and regional stability. Israeli gas now supplies up to 60% of Egypt's imports, offering a lifeline amid Cairo's energy crisis and depleted foreign reserves. This arrangement cements Israel as an indispensable regional energy supplier while anchoring Egypt in a stable framework that serves both nations.
Anti-Israel narrative
The gas deal places Egypt's neck in Israel's hands, creating dangerous dependency on stolen Palestinian gas through 2040. Cairo handed over energy security to an adversary that can weaponize it politically, just as it cut supplies three times since October 2023. This catastrophic arrangement funnels billions into Israel while stripping Egypt of leverage and betraying Palestinians amid a genocide.