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Israel Looking for Gas to Send to Europe

NATURAL GAS

Israel is renewing natural gas exploration after previous commitments to put new gas on hold in favour of meeting renewable targets.

  • EU are looking to establish a deal to import gas produced in Israel via LNG plants in Egypt then shipped to Europe.
  • Energy Minister Elharrar said, “Alongside the real and sincere concern in Europe, there is a real opportunity for Israel to export natural gas to Europe.”
  • Gas exploration is hoped to start off the Mediterranean coast in Q322 but it could be a couple of years before volumes reach Europe.

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