NewMed Energy and Partners Sign Largest Export Deal in Israel's History with $35 billion of Natural Gas Exports from Leviathan Reservoir to Egypt

NewMed Energy United Kingdom England Germany France Spain Egypt New York Israel United States of America

Aggregate total quantity of ~130 BCM (4.59 TCF)Stage one: initial sale of ~20 BCM (0.7 TCF) from 2026Stage two: upon completion of the Leviathan expansion project, a further ~110 BCM (3.88 TCF) of natural gas will be exportedEstimated valuation of $35 billion by 2040Builds on existing ~60 BCM export agreement with EgyptCurrent prospective resources of ~600 BCM (21.2 TCF) of natural gas in Leviathan reservoir The deal should pave the way for the expansion of Leviathan and ensure the supply of natural gas to the Israeli market until 2064View original content:https://www.prnewswire.co.uk/news-releases/newmed-energy-and-partners-sign-largest-export-deal-in-israels-history-with-35-billion-of-natural-gas-exports-from-leviathan-reservoir-to-egypt-302524213.html