Israel signs Egypt gas permit, becomes major energy exporter Israel has become a major energy exporter for the first time, after signing a permit to export natural gas to EgyptJERUSALEM -- Israel became a major energy exporter for the first time on Monday after signing a permit to export natural gas to Egypt. The announcement comes just days before a lucrative Israeli gas field in the Mediterranean Sea is expected to go online. Israel signed a $15 billion deal last year to provide Egypt with 64 billion cubic meters of gas over a 10-year period that will help transform both into regional energy players. In January, Egypt hosted its first ever regional gas forum. The Israeli energy minister attended alongside several regional delegations, the first such visit by an Israeli Cabinet member since Egypt's 2011 Arab Spring uprising.

Source: ABC News December 16, 2019 13:35 UTC