Egypt, "Israel" to export gas to the EU

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Israeli Energy Minister Karine Elharrar announced Monday that "Tel Aviv" will sign a memorandum of understanding in the coming weeks with Egypt and the European Union, to export gas to the bloc's countries.

Elharrar stated in a press conference, reported by Israeli media, that Israelis and Europeans are already working on cooperation in the gas field, without revealing further details.

She talked about launching a new tender for gas exploration in preparation for export to Europe and revealed the decision to publish the new tender in light of the "demand for Israeli resources from Europe" following the war in Ukraine. 

She added that "according to the plan, gas will flow through pipelines from "Israel" to Egypt, and from there it will flow and transport to Europe. This entire procedure is financed by exporters."

Israeli newspaper Israel Hayom reported, last Sunday, that the EU decided to buy gas from "Israel" as part of its strategy aimed at diversifying energy sources in the wake of the Russian operations.

The newspaper pointed out that the Israeli Ministry of Energy "is seeking to reach an agreement with Egypt that guarantees the transfer of Israeli gas to liquefaction facilities on its territory, and then shipped to Europe on ships through its ports."

The European Commission is scheduled to unveil a detailed plan to give up Russian fossil fuels by 2027, given that Russia supplies 40% of the European Union's gas needs.

Vigorous negotiations are taking place within the European Union to approve the sixth package of sanctions against Russia, which includes an embargo on Russian oil.

It is worth noting that "Israel" extracts its gas from maritime territories that are disputed with Lebanon, notably the "Karish" field.