Egypt extended an existing agreement to import natural gas from Israel's Leviathan field until 2040, Prime Minister Moustafa Madbouly said Wednesday, framing the move as part of Cairo's long-term plan to cement its role as a regional energy hub. In his weekly press conference, the prime minister addressed recent public debate over the deal's renewal with NewMed Energy, a partner in Leviathan, noting that the original pact was signed in 2019. He said the extension reflects expectations of higher Israeli output and the company's request to channel more gas into Egypt's network. Prime Minister Madbouly underlined Egypt's "unique position" in the Eastern Mediterranean energy market, backed by major infrastructure including LNG plants in Idku and Damietta. These facilities, he said, attract neighbouring gas-producing countries seeking export routes. "We are ensuring Egypt remains the main hub for this vital and strategic commodity for decades to come," he said, adding that Egypt is also importing gas from Cyprus and negotiating with other regional suppliers. Attribution: Amwal Al Ghad English
