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Israel and the European Union (EU) will sign a natural gas export memorandum of understanding on Wednesday at a regional energy conference in Cairo, Egypt, Israel’s Energy Ministry said.
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European Commission President Ursula von der Leyen announced on Tuesday that theEU has turned to Israel in an attempt to reduce its reliance on energy in Russia following the invasion of Ukraine.
The agreement will allow exports for the first time significant of Israeli gas to Europe, the ministry said. Officials said they expect Israeli gas to be shipped to liquefaction plants in Egypt and then shipped north to the European market.
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The framework agreement will be signed by Israel, theEU and Egypt, the ministry added.
Reuters
Source: Radio-Canada
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