EU eyes Israeli natural gas in deal with Egypt

EU nations seeking to reduce their reliance on Russian gas because of the war in Ukraine may soon be able to source supplies from Israel instead.

On Wednesday, the EU, Israel and Egypt signed a provisional natural gas export deal at an energy conference in Cairo.

The Israeli gas is expected to be sent to liquefaction plants in Egypt, then shipped north to markets in Europe.

Israel’s energy ministry said it would allow significant exports of Israeli gas to Europe for the first time.

Under the framework agreement, the EU will also encourage European companies…