Wedoany.com Report-Jan. 2, The Israeli government has officially approved a natural gas export agreement worth approximately $35 billion, allowing the Leviathan gas field to supply natural gas to Egypt. The agreement, signed in August 2025 by the field's partners NewMed Energy, Chevron, and Ratio with Egypt's Blue Ocean Energy, plans for a total export volume of about 130 billion cubic meters of natural gas.

NewMed Energy stated in a declaration: "This approval helps secure the continuous supply of natural gas to the domestic market and advances the final investment decision process for the Leviathan gas field expansion project, which is expected to increase production capacity in the coming years." The company's CEO, Yossi Abu, said: "The approval of the export license enables the implementation of the strategic agreement with Egypt and contributes to energy security, regulatory stability, and regional cooperation." The Petroleum Commissioner of Israel's Ministry of Energy and Infrastructure had already approved the additional export volume of natural gas under this agreement on December 17, 2025.

The Leviathan gas field is located in Israel's exclusive economic zone and was discovered in 2010. It is considered one of the larger natural gas fields in the Mediterranean region. The field began production at the end of 2019 and currently delivers processed natural gas to Israel's national grid via a subsea pipeline system, supplying markets in Israel, Egypt, and Jordan. According to the agreement, the subsequent Leviathan gas field expansion project will be advanced, which includes plans to construct a new natural gas pipeline from Israel via Nitzana to Egypt to enhance transportation capacity.