In landmark deal signed in Cairo, Israel to export natural gas, via Egypt, to Europe
Thursday, June 16, 2022 | Tag Cloud Tags: Egypt, EU, Euro, Europe, European Union, IRS, Israel, News, Russia, sanctions, UK, Ukraine, Worthy News | Learn about our FREE SYNDICATION Service | Sign up for our Worthy Briefs!
(Worthy News) – Israel, Egypt and the European Union signed a memorandum of understanding on Wednesday in Cairo that will see Israel export its natural gas to the bloc for the first time.
The landmark agreement will increase liquified natural gas sales to EU countries, which are aiming to reduce dependence on supply from Russia in the wake of its invasion of Ukraine.
Last year, the EU imported roughly 40 percent of its gas from Russia. It has faced energy difficulties since imposing sweeping sanctions on Moscow. [ Source: Times of Israel (Read More…) ]
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.