A memorandum of understanding was signed on Wednesday in Cairo between Egypt, the EU, and Israel to export the latter’s natural gas to Europe.
A video was shared by Israeli Energy Minister Karine Elharrar on her Twitter account for the signing of the trilateral deal.
Following the signing ceremony, Elharrar said, “Today, Egypt and Israel together made commitment to share our natural gas with Europe and to help with the energy crisis.”
The signing of the deal was welcomed by European Commission President Ursula von der Leyen.
The European Commission President stated, “I very warmly welcome the signature of this historic agreement between Israel, Egypt, and the European Union.”
In a report by an Israeli news outlet on Tuesday, it was expressed that Elharrar will meet with Egyptian President Abdel Fattah al-Sisi and other senior officials, including Minister of Petroleum and Natural Resources Tarek El-Molla. The meeting would pave the way to sign a deal for transferring gas from Israel to Egypt via existing pipelines and then liquefying it in Egypt before exporting it to Europe.
On Twitter, von der Leyen indicated, “I am grateful that Israel will increase its supply of energy to the EU.”
The EU has sought to reduce its dependency on energy supplies from Moscow and has searched for energy deals with other countries, including Israel and Egypt, following Russia’s launch of its war on Ukraine.