The European Union, Israel and Egypt today signed a protocol to an agreement on Europe’s gas supply during a visit to Cairo by European Commission President Ursula von der Leyen.
Europe is looking to find other sources of supply, following Russia’s decision to cut off supplies to some European countries. Prior to Egypt, von der Leyen visited Ukraine and Israel.
Energy Commissioner Kadri Simpson, Egyptian Oil and Mineral Resources Minister Tarel El Mola and Israeli Energy Minister Karin Elharar “signed the protocol of a tripartite agreement between the EU, Egypt and Israel” on gas exports to Europe. Brussels and Cairo said in a joint statement.
In a press conference following talks with Egyptian President Abdel Fattah al-Sisi, von der Layen welcomed the signing of the protocol “on the transfer of gas from Israel to Egypt” where it will be liquefied. and then exported to Europe. The European Union wants to expand its energy co-operation with the two eastern Mediterranean countries to “end its dependence on Russian fossil fuels”, he explained.
Israel discovered many offshore gas fields in the early 2010s. As there is no pipeline connecting these fields to Europe, Israel is sending gas to Egypt, following the signing of a historic $ 15 billion agreement between the two countries in 2020.
“It is also an opportunity for Egypt to become a regional energy hub,” she said.
Source: Capital
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