Egypt, Lebanon and Syria sign gas import agreement

(Worthy News) – Lebanon, Syria and Egypt signed an agreement on Tuesday to transfer 650 million cubic meters of gas per year from Egypt to Lebanon through Syria.

The deal was sealed at a ceremony that took place at the Lebanese energy ministry in Beirut, according to Reuters. Under the agreement gas will be shipped via pipeline to Lebanon’s northern Deir Ammar power plant, where it could add some 450 megawatts, equivalent to around four extra hours of power per day to the grid.

As Europe is struggling to avoid energy crisis amid the Russian invasion of Ukraine, more countries are turning to the Middle East for alternative import routes. Last week, Israel signed a gas export agreement in Cairo with Egypt and the European Union. The Jewish State will transfer its natural gas to Egypt through an existing pipeline and then transport it to Europe. [ Source: i24 (Read More…) ]

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