Israel is looking to pump gas to Europe soon: Israel’s Energy Minister Yuval Steinitz believes talks to build a natural gas pipeline from Israel to Turkey may conclude as early as this summer. Steinitz told Bloomberg TV’s Yousef Gamal El Din and Shery Ahn “the purpose is to conclude by this summer a government-to-government agreement on a gas pipeline stretching from Israel to Turkey, in order to export natural gas from Israel and also the vicinity, to Turkey … My vision is that three years from now we will be able to export natural gas to Turkey and six years from now we will be able to complete this cross-Med pipeline [to Italy].” Steinitz mentioned that talks to export gas to “the two empty” liquefaction facilities in Egypt continue. He views “the East Med Basin, the economic waters of Cyprus, Israel, and Egypt, maybe also Lebanon in the future put together, will be some kind of replacement” to the North Sea.

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