Overview

• The $35 billion upgrade marks the largest gas export deal in Israel’s history.
• Under the pact Israel will deliver 130 billion cubic meters to Egypt through 2040, with an initial 20 bcm scheduled from early 2026.
• Phase One requires completion of a third Leviathan pipeline and the Ashdod-Ashkelon transmission link to lift export capacity above 14 bcm per year.
• Regulatory export clearance and a final investment decision are still pending for the expanded shipments.
• Egypt will pay about 14.8 percent more per bcm as it steps up imports to address its own gas shortages.