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EU, Israel and Egypt agree to increase gas exports

While Europe continues its search to meet its natural gas needs, hopeful news came from Israel. In the statement made by the Israeli Ministry of Energy, it was stated that the framework agreement signed with the EU will be the first agreement to allow the export of “significant” amounts of Israeli natural gas to Europe.

Europe, Ukrainedue to the occupation of RussiaIt continues to seek other sources to import energy after the sanctions imposed on Turkey. After the elimination of Russia, which meets a large part of Europe’s natural gas needs, the search for new sources began.

While Europe continues its search for natural gas, Israel and Sweetcorn agreed to increase the natural gas exported to the continent.

Israeli Ministry of Energy in a statement made by European Union The framework agreement signed with the (EU) agreed that a “significant” amount of Israeli natural gas EuropeIt was stated that it will be the first agreement that will allow its export to Turkey.

In the statement, within the scope of the agreement, the European companies of the EU, Israel and Egypt, natural gas It was stated that it will encourage them to participate in the tenders opened for their discoveries.

It will take several years for a significant increase.

Currently, some natural gas transferred from Israel to the liquefaction facilities on the Mediterranean coast of Egypt via the pipeline is re-exported from these facilities as liquefied natural gas (LNG).

Officials say they expect LNG shipments from Egypt to Europe to increase under the deal, but it will likely take several years for exports to increase significantly.

At the same time, Egypt’s natural gas export, which is a natural gas producer, was limited by the increase in domestic demand.

IT WILL PLAY A KEY ROLE BY 2030

In her statements in Cairo after the signing of the agreement, Israeli Energy Minister Karine Elharrar said, “Today, as Israel and Egypt, we are committed to sharing our natural gas with Europe and contributing to the solution of the energy crisis.”

The agreement stated that natural gas will play a key role in the European energy markets until 2030.

On the other hand, in line with Europe’s goal of reducing its emissions to zero by 2050, natural gas use is expected to decrease in the continent.

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