The European Union Mission to Israel has indicated that a tripartite memorandum of understanding on transporting gas to the union will help counter Russian blackmail after the signing of a memorandum of understanding between Egypt, the European Union and Israel to increase gas exports to the union.

Earlier today, Israeli Energy Minister Karen Al-Harr said “the MoU is a commitment to share gas with Europe and help it diversify its energy sources.” She indicated that “the gas export agreement with the European Union will be in effect for 3 years with an automatic two-year extension” and stated that “Egypt and Israel have committed to exchange natural gas with Europe to help counter energy problems.” a crisis.”

In turn, Egyptian Oil Minister Tarek El Molla considered that “today is an important step to strengthen relations in the Eastern Mediterranean region between Egypt, Israel and Europe.”

European Commission President Ursula von der Leyen said that “the goal of the agreement is to supply energy to consumers at affordable prices”, believing that “this agreement is historic and is the beginning of a long successful energy history in the region.”