The European Union has signed a memorandum of understanding with Israel and Egypt that paves the way for potentially significant quantities of Israeli natural gas to be shipped to Europe.
The trilateral agreement, signed on June 15 in Cairo at a meeting of the East Mediterranean Gas Forum (EMGF), an intergovernmental organization, calls for Israeli gas to be sent to liquefied natural gas (LNG) facilities in Egypt. From there, the gas in liquid form will be transported across the Mediterranean Sea on LNG vessels to markets in Europe.
