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In landmark deal signed in Cairo, Israel to export natural gas, via Egypt, to Europe | TOI |

In a joint news conference alongside European Commission chief Ursula von der Leyen and Egyptian Petroleum Minister Tarek el-Molla, Elharrar said the deal came about in the wake of Russia's invasion of Ukraine.

"The memorandum of understanding (MOU) will allow Israel to export Israeli natural gas to Europe for the first time, and it is even more impressive when one looks at the string of significant agreements we have signed in the past year, positioning Israel and the Israeli energy and water economy as a key player in the world," she said.

Von der Leyen said the agreement would help the bloc move away from its dependence on Russia.

"What a special moment," she said. "I very warmly welcome the signing of this historic agreement."

She said the agreement was part of Europe's efforts to diversify energy sources away from Russia and import hydrocarbons from "other trustworthy suppliers" -- naming Israel and Egypt, which have emerged as gas exporters in recent years following major offshore discoveries.

Israel to send fuel to Egypt, which will liquify it for shipping; agreement will help European bloc reduce Russian energy dependence; MOU built with nod to zero emissions targets.

GOT IT? Nod to zero emissions target ... kosher natural gas from Palestine Gaza Marine, Lebanon off shore or Golan Heights.

Key EU Parliament Groups Reject Plans to Label Gas and Nuclear as Green Energy | TIME |

'Sapere aude'

by Oui (Oui) on Wed Jun 15th, 2022 at 03:04:53 PM EST

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