How the $35 billion gas deal between Israel and Egypt makes sense for the US

The $35 billion Israel-Egypt gas deal (2026-2040) marks Israel’s largest-ever energy export, strengthening its regional position and generating $18 billion in revenue. Egypt, energy-deficient despite its large population, will receive nearly 130 bcm of natural gas from Israel’s Leviathan field, operated by Chevron and NewMed Energy, to power its economy and export surplus. The agreement reflects broader US-led diplomacy in the MENA region, including the Abraham Accords and post-war Gaza redevelopment plans. While geopolitical tensions persist, business interests dominate. This deal highlights the intersection of energy security, regional stability, and economic opportunity amid ongoing conflicts.