The latest gas deal between Egypt and Israel, worth $35 billion through 2040, has sparked political uproar in Egypt and the Arab world. The timing is particularly sensitive, as Israel continues its war against Hamas in Gaza and controls the Rafah crossing and the Philadelphi Corridor on Egypt’s border.
For Israel, the agreement is historic, strengthening its regional standing at a time when its global image has weakened due to the Gaza war and growing recognition of a Palestinian state.
Cairo insists the deal is strictly commercial, not political. Officials argue it helps cover Egypt’s severe energy shortages, offers cheaper nearby supply, and boosts its goal of becoming a regional gas hub.
Still, senior security sources admit the deal creates a real dependence on Israel—not only for domestic needs but also to meet export obligations to Jordan and Cyprus.