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Egypt, Israel to increase gas supply to EU amid Ukraine war

Egypt, Israel and the European Union on Wednesday signed a deal to increase liquified natural gas sales to EU countries, who aim to reduce their dependence on supplies from Russia as the war in Ukraine drags on, AP reported.

Egypt, Israel to increase gas supply to EU amid Ukraine war

Egypt, Israel to increase gas supply to EU amid Ukraine war

STEPANAKERT, JUNE 16, ARTSAKHPRESS: The deal, stamped in an upscale Cairo hotel, will see Israel send more gas via Egypt, which has facilities to liquify it for export by sea, European Commission chief Ursula von der Leyen said.

“What a special moment,” she said in a joint news conference alongside the Egyptian and Israel energy ministers. “I very warmly welcome the signing of this historic agreement.”

Von der Leyen, who visited Israel earlier this week, said the agreement was part of Europe’s efforts to diversify energy sources away from Russia and import hydrocarbons from “other trustworthy suppliers.” She named Israel and Egypt who have emerged as gas exporters in recent years following major offshore discoveries.

Under the deal, the EU will help Egypt and Israel increase their gas production and exploration in their territorial waters. It was not immediately clear how much gas the EU will import from either country.

“It is known that the Russian war against Ukraine has exposed our European dependency on Russian fossil fuels and we want to get rid of this dependency,” von der Leyen said later in a joint news conference with Egypt President Abdel Fattah el-Sissi.


     

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