Negotiations between Israel's Energy Ministry and gas producers are advancing toward approving a major $35 billion gas export deal with Egypt. The agreement hinges on gas producers committing to lower prices for the Israeli domestic market, which could lead to reduced electricity costs for consumers. The deal was previously halted due to concerns over domestic prices but is now back on track, partly due to international pressure and Egypt's urgent need for gas. While the final details are still being negotiated, the agreement is expected to include protections for Israel's energy needs and may impact existing contracts within the local market.
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