Israel Ministry of Defense

Israel gas deal with Egypt could thaw international relations

August 24, 2016

In what could be considered a historic trade move, the Israeli government has opened the door to exporting natural gas resources to Egypt. However, there are several obstacles to the deal and it's likely that a finalized trade agreement will take some time. A Reuters press release said the Israeli government is planning to sell 5 billion cubic meters of gas to Egypt over a period of seven years.