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Egypt, Israel, EU Sign Gas Agreement in Cairo
European Commission President Ursula von der Leyen (5th-R) poses for a group photo with the EU Commissioner for Energy Kadri Simson (7th-R), Egypt's Minister of Petroleum Tarek el-Molla (6th-R), Israeli Minister of Energy Karine Elharrar (4th-R), and other officials during the signing ceremony of a trilateral natural gas deal during the ministerial meeting of the East Mediterranean Gas Forum in Cairo on June 15, 2022. (Khaled Desouki/AFP via Getty Images)

Egypt, Israel, EU Sign Gas Agreement in Cairo

The energy ministers of Egypt, Israel, and the European Union signed a memorandum of understanding to export Israeli gas to Europe, at a ceremony in Cairo on Wednesday. The gas will be transferred via an existing pipeline from Israel to Egypt, where it will be liquified for export to Europe. The EU is looking for new energy sources in light of Russia’s invasion of Ukraine.

The agreement includes attention to environmental concerns, including cooperation on carbon capture, the reduction of carbon emissions, and energy efficiency initiatives.

The signing is “a great moment in which little Israel becomes a significant player in the global energy market,” said Israeli Energy Minister Karine Elharrar. “The MOU will allow Israel to export natural gas to Europe for the first time, and that is even more impressive when considering the significant agreements we have signed in the past year, making Israel and its energy and water market a key player in the world,” she said.

European Commission President Ursula von der Leyen, who was present at the signing, met with Israeli Prime Minister Naftali Bennett on Tuesday in Jerusalem, where she told him, “The EU was the biggest, most important client of the Russian supplier – for oil, gas, and coal, but with the beginning of this war and the attempt of Russia to blackmail us through energy, by deliberately cutting off the energy supplies, we decided to cut off and to get rid of the dependency on Russian fossil fuels and to move away from Russia and diversify to trustworthy suppliers.”

Europe previously imported more than 150 billion cubic meters (bcm) of gas from Russia annually. Now it is expected to partially replace this with the import of around 20 bcm from the Eastern Mediterranean – mainly from Israel – as well as 15 to 20 bcm from the United States and 20 to 30 bcm from Qatar.

Give the Gift of Truth This Jewish New Year

The Media Line has been leading for more than twenty years in pioneering the American independent news agency in the Middle East, arguably the first in the region. We have always stayed true to our mission: to provide you with contextual sourced and trustworthy news. In an age of fake news masquerading as journalism, The Media Line plays a crucial role in providing fact-based news that deserves your support.

We're proud of the dozens of young students we've trained in our Press and Policy Student Program who will form the vanguard of the next generation of journalists to the benefit of countless millions of news readers.

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