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U.S. Energy Secretary Chris Wright canceled his Israel trip after Israel blocked a $35 billion gas deal with Egypt over pricing and security concerns.
U.S. Energy Secretary Chris Wright canceled a planned visit to Israel after Energy Minister Eli Cohen blocked a $35 billion natural gas export deal with Egypt, citing concerns over fair pricing for Israeli consumers and national energy security.
The proposed 20-year agreement, involving 130 billion cubic meters of gas from the Leviathan field, remains stalled despite pressure from the Trump administration.
Cohen insists negotiations continue to protect domestic affordability, while Israel and Egypt pursue broader diplomatic and infrastructure cooperation, including a NIS 2 billion pipeline project funded by gas exporters.
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El secretario de Energía de Estados Unidos, Chris Wright, canceló su viaje a Israel después de que Israel bloqueara un acuerdo de gas de $ 35 mil millones con Egipto por cuestiones de precios y seguridad.