(Worthy News) – The EU and Israel are set to sign a natural gas export deal today that will help to decrease Europe’s reliance on Russia. The bloc is heavily dependent on Russian oil and gas exports, relying on Moscow for about 40 percent of its energy imports in 2021. According to Israel’s Energy Ministry, a deal with the EU will for the first time allow “significant” exports of Israeli gas to Europe.
The gas that is transported from Israel, will be sent to liquefaction plants in Egypt, after which it will be shipped north to Europe.
The framework deal will be signed by Israel, the EU and Egypt during a regional energy conference in Cairo, according to the Israeli ministry. [ Source: UK Express (Read More…) ]
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