EU proposes natural gas import deal with Egypt and Israel
The EU has said publicly it intends to conclude a trilateral agreement with Egypt and Israel before the summer, but the details in the June 7 draft are not public.
“The natural gas to be shipped to the European Union will originate either from the Arab Republic of Egypt, the State of Israel, or any other source in the East Mediterranean region, including EU Member States in the region,” the nine-page document said.
Israel is on track in the next few years to double gas output to about 40 bcm a year as it expands projects and brings new fields online, industry officials say. Israel has said it hopes to reach a deal to supply gas to Europe and is also considering building a pipeline to export more gas to Egypt.