Egypt has stressed that its recent natural gas agreement with Israel is a strictly commercial arrangement with no political implications, amid heightened regional tensions.
In a statement reported by media, Egyptian officials said the deal was concluded between private energy companies in line with market rules, without direct government involvement. The clarification came a day after Israel approved an export agreement signed in August with international energy firms to supply large volumes of gas to Egypt from the Leviathan offshore field.
The agreement was approved against the backdrop of ongoing war in Gaza and wider regional instability following the October 2023 Hamas attack on Israel. Despite the timing, Cairo underlined that its political position remains unchanged.
The head of Egypt’s State Information Service said Egypt’s stance on the Palestinian cause is “firm and unwavering”, reaffirming support for Palestinian rights, rejection of forced displacement, and commitment to a two-state solution.
Israeli officials described the deal as the largest gas agreement in Israel’s history, saying it would contribute to regional stability. Under its terms, around 130 billion cubic metres of gas will be supplied to Egypt through 2040, or until the full contract value is met, from reserves estimated at about 600 billion cubic metres.
Egypt’s gas output has declined since 2022, undermining its plans to become a regional energy hub and increasing its reliance on imports from Israel to cover domestic shortfalls.