Egypt has confirmed that a long-term natural gas supply arrangement with Israel, covering 130 billion cubic meters valued at around $35 billion through 2040, is a strictly commercial transaction conducted by private firms rather than a state-to-state pact. The deal will see gas from Israel’s Leviathan field sold to Egypt by companies including Chevron and local partners, with Cairo stressing the absence of direct government involvement even as U.S. diplomatic pressure reportedly helped clear the path for approval. For investors, the agreement underscores Egypt’s strategy to reinforce its role as a regional gas hub and secure feedstock for its LNG export facilities, with potential implications for regional supply dynamics and pricing of Natural Gas.
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Over the past month, benchmark natural gas prices have retreated, with Natural Gas down about 7.5%, reflecting a softer demand backdrop and ample supply despite geopolitical developments. From a short-term trading perspective, the 1-day technical setup for natural gas currently points to a Hold signal, indicating that momentum and trend indicators are not yet aligned in a clear bullish or bearish direction. Investors can explore more updates, prices, and analysis across global markets at Commodities.