Israel wants to help Europe with the supply of natural gas as European countries want to get rid of Russian gas as soon as possible because of the war in Ukraine. The country is increasing its gas production from offshore fields and expects to be able to sign supply contracts with various European countries in the near future. According to an official from the Israeli energy ministry.
Israel hopes to double its gas production to 40 billion cubic meters per year in the coming years. The country is expanding existing projects and working on new gas fields. At present, Israel mainly supplies its own home market and through pipelines to Egypt and Jordan. The country has large gas reserves off the coast.
The extra gas that is produced will largely be destined for export to Europe, according to the ministry. This gas could potentially be transported via the construction of new pipelines across the Mediterranean to Greece or, via a shorter route, to Turkey. Liquefied natural gas (LNG) from Israel would also be transported to Europe via Egypt.
Israel ramps up gas production for delivery to Europe
Source link Israel ramps up gas production for delivery to Europe