Egypt, Israel sign MoU to increase gas supples for re-exporting

 

CAIRO- 26 November 2021: Egypt and Israel signed a memorandum of understanding (MoU) for increasing the gas supplies for re-exporting, announced the Egyptian Ministry of Petroleum and Mineral Resources in a statement.

 

The memorandum of understanding was signed by Egyptian Minister of Petroleum Tarek El Molla and Israeli Minister of Energy Karine Elharrar, on the sidelines of the sixth ministerial meeting of the East Mediterranean Gas Forum, which was held Thursday in Cairo with the participation of his counterparts from Cyprus, Greece, Israel, Jordan and Palestinian president advisor in Cairo on Thursday.

 

As per the new MoU, both sides would use an existing pipeline to transport hydrogen in the future, as they agreed to possibly increase gas supplies for re-export within the framework of cooperation to reduce greenhouse gas emissions in the region.

 

The member countries of the East Mediterranean Gas Forum have agreed that confronting climate change and providing clean energy sources have become a necessity, said Molla on Thursday.


Therefore, “we need to build on the topics we discussed at the UN Climate Change Conference (COP26) to support the global trend to achieve sustainable development,” he added.