Israel's Leviathan natural gas field has signed the largest export agreement in the country's history, worth up to $35 billion to supply gas to Egypt, NewMed , one of the partners in the field, said on Thursday.

NewMed Energy has finalized a $35 billion agreement to supply natural gas from Israel's Leviathan field to Egypt until 2040, reinforcing Egypt's energy hub status and enabling significant field expansion.

The companies operating Israel’s biggest gas field agreed to supply fuel worth $35 billion to Egypt over the next decade and a half, the latest sign of the North African country’s dependence on imports for the long haul.