Israeli gas will be supplied to Egyptian refineries, and from there will be delivered in the form of LNG to Europe.
The European Union, Israel and Egypt on Wednesday, June 15, signed an agreement on gas supplies to EU countries, European Commission President Ursula von der Leyen said in Twitter.
“I wholeheartedly welcome the signing of this historic agreement,” the EC head in Cairo said.
The agreement provides for an increase in gas supplies from Israel to Egypt to processing plants, and then the transportation of liquefied gas by tankers to Europe.
Israel’s Energy Ministry said the framework agreement would be the first to allow “significant” Israeli gas exports to Europe.
It was noted that it would take several years before exports would significantly expand.
Egypt is also a gas producer, but its exports are limited by increasing domestic demand.
“Today, Egypt and Israel are committed to sharing our natural gas with Europe and helping with the energy crisis,” Israeli Energy Minister Karin Elharrar said in a statement.
Israel has two gas fields in the Mediterranean with reserves of 690 billion cubic meters. Work is also being carried out in the third field.
It was previously reported that Germany was in talks with Senegal on gas supplies to reduce energy dependence on Russia. European countries also plan to buy LNG from Qatar and the United States.
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.