Egypt, Israel, and the European Union on Wednesday signed a deal to increase liquified natural gas sales to EU countries, which aim to reduce dependence on supply from Russia as the war in Ukraine drags on. Egypt, Israel and the European Union struk a deal on Wednesday which will see the North African nation receive more Israeli gas to liquify it for export by sea. The deal comes as the E.U has had difficulty banning Russian fossil fuel imports in retaliation for the war in Ukraine. The deal provides the EU will help Egypt and Israel increase their gas production and exploration in their territorial waters. Egyptian Petroleum Minister Tarek el-Molla described the deal as "an important milestone" for cooperation between Egypt, Israel, and the EU.

Source: The North Africa Journal June 15, 2022 21:36 UTC