Prime Minister Benjamin Netanyahu has announced the approval of Israel's largest-ever energy deal with Egypt, valued at approximately $35 billion. The agreement, involving the American company Chevron and Israeli partners, is expected to provide a significant boost to Israel's economy, with billions of shekels anticipated to flow into public coffers over the coming years. Netanyahu emphasized that the deal would strengthen key sectors such as education, health, infrastructure, and security, while also reinforcing Israel's position as a regional energy leader.

Energy Minister Eli Cohen described the deal as a historic moment for Israel, highlighting its strategic importance and its status as the country's largest export agreement. The deal had previously been delayed due to concerns about domestic energy security and fair pricing for Israeli consumers, but was ultimately approved after assurances were secured. The United States played a notable role in facilitating the agreement, viewing it as a step toward improved relations between Israel and Egypt.

The deal comes amid warnings from Israel's Finance Ministry about potential future natural gas shortages, as domestic demand continues to rise. Despite these concerns, the agreement is seen as a milestone for the natural gas sector, ensuring continued investment and regulatory stability for years to come.