Israeli Prime Minister Netanyahu announced a $35 billion gas deal with Egypt involving Chevron, which is seen as a move to strengthen regional energy influence and set the stage for a potential summit with Egyptian President Sisi, amid US efforts to foster regional peace and stability.
Israeli Prime Minister Netanyahu approved a $35 billion natural gas deal with Egypt under US pressure, aiming to improve regional relations and stability, with plans for a trilateral meeting involving Egypt, Israel, and the US.
The recent military offensive by Azerbaijan in Nagorno-Karabakh has increased pressure on the EU to reconsider its gas deal with the country, potentially complicating the bloc's efforts to reduce reliance on Russian energy exports. The European Parliament has called for restrictions and sanctions on Azerbaijani officials involved in the conflict, expressing concerns about potential ethnic cleansing. However, the quick surrender of Nagorno-Karabakh's armed forces has made it challenging for supporters in Brussels to advocate for punitive measures. The EU is closely monitoring the situation and member states will decide on next steps as developments unfold.