{"id":5913,"date":"2025-12-19T01:11:47","date_gmt":"2025-12-19T01:11:47","guid":{"rendered":"https:\/\/inernews.online\/?p=5913"},"modified":"2025-12-19T01:11:47","modified_gmt":"2025-12-19T01:11:47","slug":"egypt-says-gas-deal-with-israel-is-purely-commercial-oil-and-gas-news","status":"publish","type":"post","link":"https:\/\/inernews.online\/?p=5913","title":{"rendered":"Egypt says gas deal with Israel is \u2018purely commercial\u2019 | Oil and Gas News"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"\">\n<p class=\"article__subhead\"><em>Natural gas agreement worth approximately $35bn comes amid frayed relations over Israel\u2019s genocidal war in Gaza.<\/em><\/p>\n<\/div>\n<div>\n<div class=\"article-dates\">\n<p><span class=\"screen-reader-text\">Published On 18 Dec 2025<\/span><span aria-hidden=\"true\">18 Dec 2025<\/span><\/p>\n<\/div>\n<div class=\"rich-share\" data-testid=\"rich-share\">\n<div class=\"rich-share__wrapper\">\n<div class=\"rich-share__button-wrapper\"><button class=\"rich-share__button row\" aria-expanded=\"false\"><\/p>\n<p>Click here to share on social media<\/p>\n<p><svg class=\"icon icon--share2 icon--primary icon--16 \" viewbox=\"0 0 20 16\" version=\"1.1\" aria-hidden=\"true\"><title>share2<\/title><path fill=\"#000\" fill-rule=\"evenodd\" d=\"M11.688 9.048c-.659 0-1.252.282-1.673.733l-4.92-2.45c.016-.115.028-.232.028-.352 0-.117-.011-.23-.027-.343l4.913-2.423a2.285 2.285 0 0 0 1.68.739C12.964 4.952 14 3.899 14 2.6 14 1.302 12.965.25 11.688.25S9.377 1.302 9.377 2.601c0 .117.01.23.027.343L4.49 5.367a2.285 2.285 0 0 0-1.68-.739C1.536 4.628.5 5.681.5 6.979c0 1.299 1.035 2.35 2.312 2.35.659 0 1.252-.281 1.673-.731l4.92 2.45a2.357 2.357 0 0 0-.029.351c0 1.299 1.035 2.351 2.312 2.351S14 12.698 14 11.399s-1.035-2.35-2.312-2.35Z\" clip-rule=\"evenodd\"\/><\/svg><\/button><\/p>\n<p class=\"rich-share__social-text\">Share<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div aria-live=\"polite\" aria-atomic=\"true\">\n<p>Egypt has said that Cairo\u2019s natural gas deal with Israel is a \u201cpurely commercial\u201d arrangement and that there are no \u201cpolitical dimensions\u201d to the deal.<\/p>\n<p>On Thursday, Egypt\u2019s State Information Service (SIS)\u00a0 said the agreement was struck by private energy companies under market rules and without government involvement.<\/p>\n<section class=\"more-on\">\n<h2 class=\"more-on__heading\">Recommended Stories<!-- --> <\/h2>\n<p><span class=\"screen-reader-text\">list of 3 items<\/span><span class=\"screen-reader-text\">end of list<\/span><\/section>\n<p>\u201cThe deal is a purely commercial transaction concluded on the basis of strictly economic and investment considerations, and entails no political dimensions or understandings of any kind,\u201d SIS chief Diaa Rashwan said in a statement.<\/p>\n<p>\u201cThe agreement serves a clear strategic interest for Egypt, namely strengthening its position as the sole regional hub for gas trading in the Eastern Mediterranean,\u201d Rashwan added.<\/p>\n<p>Egypt\u2019s announcement came after Israeli Prime Minister Benjamin Netanyahu announced the approval of the gas agreement with Egypt on Wednesday evening and called it \u201cthe largest gas deal in Israel\u2019s history\u201d.<\/p>\n<p>\u201cToday, I approved the largest gas deal in Israel\u2019s history. The deal is worth 112 billion shekels [$34.7bn]. Of this total, 58 billion shekels [$18bn] will go to the state coffers,\u201d Netanyahu said during a televised address in Israel, alongside energy minister Eli Cohen.<\/p>\n<p>\u201cThe agreement is with the American company Chevron, with Israeli partners who will supply gas to Egypt,\u201d Netanyahu added.<\/p>\n<p>Israel had signed the export agreement in August with Chevron and its partners to supply up to $35bn of gas to Egypt from the Leviathan natural gas field.<\/p>\n<p>But according to a report by the newspaper Israel Hayom, in September, Netanyahu had instructed that the gas agreement with Egypt should not move forward without his approval. His instructions came amid Israel\u2019s allegations that Cairo had \u201cviolated the peace treaty\u201d signed between the two countries through military deployments in Sinai \u2013 claims that Egypt has denied.<\/p>\n<p>On March 26, 1979, Egypt and Israel signed a peace treaty in Washington, DC following the 1978 Camp David Accords. Its key provisions include ending the state of war, normalising relations, the full withdrawal of Israeli military forces and civilians from the Sinai Peninsula, and keeping the area demilitarised.<\/p>\n<p>According to CNN, Netanyahu\u2019s announcement of the gas deal on Wednesday comes amid pressure from US President Donald Trump, who has been trying to organise a meeting between Egyptian President Abdel Fattah el-Sisi and Netanyahu.<\/p>\n<p>Relations between the two leaders have been frayed, and they have not met publicly in years.<\/p>\n<p>Tensions also intensified after Israel\u2019s genocide in Gaza began.<\/p>\n<p>Egypt has been a vocal critic of Israel\u2019s actions in Gaza and played a key role in mediating a ceasefire in the enclave.<\/p>\n<p>But the truce is fragile and continues to fray amid a deepening humanitarian emergency across the Strip.<\/p>\n<\/div>\n<p><br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Natural gas agreement worth approximately $35bn comes amid frayed relations over Israel\u2019s genocidal war in Gaza. Published On 18 Dec 202518 Dec 2025 Click here to share on social media share2 Share Egypt has said that Cairo\u2019s natural gas deal with Israel is a \u201cpurely commercial\u201d arrangement and that there are no \u201cpolitical dimensions\u201d to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5914,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-5913","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-middle-east-news"],"_links":{"self":[{"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/posts\/5913","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/inernews.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5913"}],"version-history":[{"count":0,"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/posts\/5913\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/media\/5914"}],"wp:attachment":[{"href":"https:\/\/inernews.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5913"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/inernews.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5913"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/inernews.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5913"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}