News

Egypt, Israel, and EU Sign Deal to Export Natural Gas to Europe

mm
Egypt, Israel, and EU Sign Deal to Export Natural Gas to Europe

EU Commissioner for Energy Kadri Simson, EC President Ursula von der Leyen, Egyptian Minister of Petroleum Tarek El-Molla, and Israeli Minister of Energy Karine Elharrar
Photo via AFP

On Wednesday, 15 June, Egypt, the European Union (EU), and Israel signed a Memorandum of Understanding (MoU) to export natural gas from Israel via Egypt to Europe. This comes as part of the EU’s efforts to reduce reliance on Russian energy imports following the war between Russia and Ukraine.

The framework agreement was signed by Egyptian Minister of Petroleum and Mineral Resources Tarek El-Molla, EU Commissioner for Energy Kadri Simson, and Israeli Minister of Energy Karine Elharrar, during the ministerial meeting of the East Mediterranean Gas Forum (EMGF) in Cairo.

This deal will be the first to allow “significant” exports of Israeli gas to Europe, said Elharrar.

Established in 2020 as an international organization headquartered in Cairo, EMGF focuses on developing a sustainable regional gas market and strengthening cooperation through systematic dialogue and formulation of regional policies on natural gas. The forum comprises Egypt, Palestine, Jordan, Greece, Cyprus, Italy, and Israel.

Egypt achieved self-sufficiency of natural gas three years after discovering the Zohr gas field in 2015. As Egypt’s largest gas discovery in the Mediterranean, Zohr is an offshore natural gas field located in the Egyptian sector of the Mediterranean Sea, representing 40 percent of Egypt’s total gas output.

Egypt’s Prime Minister Urges Egyptians to Rationalize Food Consumption
G7: We Stand With Egypt During Wheat Crisis Caused By Russia

Subscribe to our newsletter


News
mm

A journalism graduate from the American University in Dubai who is curious, spontaneous, and often rebellious, Marina is a passionate Cairo-based journalist who aspires to become one of the most influential women in the Middle East. She likes to follow her heart and express that through words; her favorite form of expression.

More in News

Egypt's Central Bank in Cairo courtesy of Reuters

Central Bank of Egypt Raises Key Interest Rates by 2%

Amina Zaineldine30 March 2023

Egypt’s Former Ministry of Interior to be Turned into a Hotel

Dina Khadr30 March 2023

Egypt Joins New Development Bank to Find Alternative Forms of Finance

Egyptian Streets30 March 2023

Egypt Introduces New Measures for Visas to Increase Tourism

Egyptian Streets29 March 2023

Egypt’s Public Prosecution Gives Temporary Custody to Baby Shenouda’s Adoptive Family

Farah Rafik29 March 2023

Egypt Defeats Malawi 4-0 in 2023 African Cup Qualifiers

Marina Makary28 March 2023

Egypt to Get Its Very Own Fashion Week For the First Time

Egyptian Streets26 March 2023

Egypt Defeats Malawi 2-0 in Qualifiers for Africa Cup of Nations

Farah Rafik25 March 2023