The European Union is working on a deal to import Israeli gas through Egypt as the bloc rushes to reduce its reliance on Russian supplies.
The fuel would be turned into liquefied natural gas at Egypt’s processing plants before being shipped to the EU, according to documents seen by Bloomberg. An agreement would bolster European market opportunities for Israel, where domestic gas prices are much lower than rates it can charge on the continent.
Its a pity the US blocked the east-med pipeline.
No better way to reduce energy dependence on countries with poor human records by striking deals with other countries with poor human records.
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The European Union is working on a deal to import Israeli gas through Egypt as the bloc rushes to reduce its reliance on Russian supplies.
The fuel would be turned into liquefied natural gas at Egypt’s processing plants before being shipped to the EU, according to documents seen by Bloomberg. An agreement would bolster European market opportunities for Israel, where domestic gas prices are much lower than rates it can charge on the continent.
Its a pity the US blocked the east-med pipeline.
No better way to reduce energy dependence on countries with poor human records by striking deals with other countries with poor human records.