Egypt and Israel agreed to increase Israeli gas exports to Egypt by about 26%, to reach 1,450 billion cubic feet per day. This increase comes in light of Egypt’s efforts to secure its energy needs and enhance its exports of liquefied gas, as well as improving bilateral relations between the two countries.

Increasing liquefied gas exports is an important source of hard currency for Egypt, which suffers from a shortage of foreign currencies. Egypt aims to increase its exports of liquefied gas to Europe. It relies on Israeli gas to meet part of its domestic demand, and Egypt also seeks to attract foreign investments in the energy sector, especially after the large gas discoveries in the eastern Mediterranean.

Egypt's imports of Israeli gas declined significantly last October as a result of the events in Israel and Gaza, and production stopped in the Tamara field to record about 350 million cubic feet per day, after exceeding 900 million before the field's production stopped on October 8.

This agreement reflects increased cooperation in the field of energy as one of the main areas of cooperation between Egypt and Israel. This increase will come after the American company Chevron finishes increasing production in the Tamar gas field located off the coast of Israel by about 60% during the first half of 2025 to 1.6 billion cubic feet per day.

Increasing Egypt's imports of Israeli gas is an important step that meets its energy needs and strengthens its bilateral relations with Israel. However, Egypt faces some challenges in implementing this agreement, namely marketing liquefied gas in light of the rise in global gas prices.