{"id":547270,"date":"2022-06-15T03:59:19","date_gmt":"2022-06-15T03:59:19","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/15\/europe-knocked-we-answered\/"},"modified":"2022-06-15T03:59:19","modified_gmt":"2022-06-15T03:59:19","slug":"europe-knocked-we-answered","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/15\/europe-knocked-we-answered\/","title":{"rendered":"Europe knocked. We answered."},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>Egypt, Israel and the EU could sign an agreement to increase gas export <\/strong><strong>across the Mediterranean in Cairo today<\/strong>. EU Commission President Ursula von der Leyen and <a href=\"https:\/\/www.timesofisrael.com\/liveblog_entry\/amid-eu-gas-talks-israels-energy-minister-heads-to-cairo\/\">Israeli energy minister Karine Elharrar<\/a> will be in the capital today to seal the agreement, which is expected to pave the way for more Israeli gas to be exported to Europe via Egypt\u2019s LNG facilities. \u201cTomorrow we\u2019ll take an important step, with the signing of a trilateral agreement on gas between Israel, the EU and Egypt,\u201d von der Leyen wrote on <a href=\"https:\/\/bit.ly\/3n6eNdH\">Twitter<\/a> yesterday following a meeting with Israeli PM Naftali Bennett.<\/p>\n<p><strong>Expect to hear more details later today:<\/strong> Draft documents <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/fb46ba56-9871-43e8-819e-c4323be70846\">picked up by the press<\/a> have suggested that the EU could help finance new energy infrastructure \u2060\u2014 which would come in handy as the government solicits funds for <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/248f9feb-5ba0-4777-b6a8-e910c3e8cc67\">new LNG terminals<\/a> \u2060\u2014 and work with Egypt and Israel to curb methane gas emissions.<\/p>\n<p><strong>The signing will coincide with a meeting of the<\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/721b0df8-87fd-400e-af60-663496bde9e8\">East Mediterranean Gas Forum<\/a><\/strong><strong> (EMGF)<\/strong>, which will bring together officials from the eight founding countries, as well as observers the EU, the US and the World Bank.<\/p>\n<p><strong>This is precisely what we had been banking on as far as our regional gas hub ambitions go: <\/strong>Since its inception, the EMGF has been a key foreign policy initiative of Cairo \u2014 where the forum is headquartered \u2014 that would see us be the LNG export hub for the region\u2019s gas reserves. Apart from Israel, Egypt has agreements with Cyprus and Greece on pipelines that would see their gas sent to our facilities for re-export.<\/p>\n<p><strong>Israel has ambitions to become a regional gas hub of its own:<\/strong> The EU is continuing to study the planned EastMed pipeline, which would ship 10 bn cubic meters of Israeli gas a year from the Mediterranean straight to Greece, von der Leyen <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-06-14\/european-union-working-to-forge-gas-and-power-ties-with-israel?sref=mmeFTDW1\">said yesterday<\/a>.<\/p>\n<p><strong>Gazprom reminded us yesterday of why the EU is so keen for EastMed gas:<\/strong> The Russian gas giant \u2014 which provides around 40% of Europe\u2019s consumption \u2014 curbed supplies through the major Nord Stream 1 pipeline by 40% yesterday, <a href=\"https:\/\/twitter.com\/GazpromEN\/status\/1536680482842234887?cxt=HHwWjsCykb2wsdMqAAAA\">blaming Siemens<\/a> for malfunctions at its Baltic station. Russia has already cut off gas supplies to the Netherlands, Denmark, Poland and Bulgaria for failing to pay in RUB, threatening to intensify Europe\u2019s energy crisis at a time when it is trying to reduce its reliance on Russian hydrocarbons.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Egypt, Israel and the EU could sign an agreement to increase gas export across the Mediterranean in Cairo today. EU Commission President Ursula von der Leyen and Israeli energy minister Karine Elharrar will be in the capital today to seal the agreement, which is expected to pave the way for more Israeli gas to be [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7207],"tags":[1953,93,72,7192,89],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-547270","post","type-post","status-publish","format-standard","hentry","category-energy","tag-eastern-mediterranean-gas-forum","tag-energy","tag-enterpriseam","tag-eu","tag-israel","wpautop","entry"],"acf":{"mongo_id":"3e6c6253-1803-495d-8f85-a2335097bd97","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[547266],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Europe knocked. We answered. - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/06\/15\/europe-knocked-we-answered\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Europe knocked. We answered.\" \/>\n<meta property=\"og:description\" content=\"Egypt, Israel and the EU could sign an agreement to increase gas export across the Mediterranean in Cairo today. 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Israel appears to still be trying to get a EUR 6 bn natural gas pipeline to sell natural gas from its Leviathan field to Europe. The pipeline would connect its fields to Cyprus, Greece and Italy. Israel\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":637745,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/23\/israel-appears-to-be-the-odd-one-out-in-the-east-mediterranean-energy-talks\/","url_meta":{"origin":547270,"position":1},"title":"Israel appears to be the odd one out in the East Mediterranean energy talks","author":"enterpriseam admin","date":"23 November 2017","format":false,"excerpt":"It\u2019s a quiet morning for Egypt in the international press, with no one topic holding particular significance \u2014 a welcome change from the arrest of Egyptian artists being sued and arrested on moral grounds. The most interesting pieces if the morning:Israel appears to be the odd one out in the\u2026","rel":"","context":"In &quot;EGYPT IN THE NEWS&quot;","block_context":{"text":"EGYPT IN THE NEWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/egypt-in-the-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":547304,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/16\/egypt-israel-and-the-eu-sign-gas-export-agreement\/","url_meta":{"origin":547270,"position":2},"title":"Egypt, Israel and the EU sign gas export agreement","author":"enterpriseam admin","date":"16 June 2022","format":false,"excerpt":"A big day for our gas hub ambitions: Egypt and Israel will increase gas exports to the EU under an MoU (pdf) signed in Cairo yesterday that comes as the continent looks to phase out its reliance on Russian fossil fuels. The agreement will see Israel send more gas to\u2026","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":546770,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/29\/the-eu-is-working-on-an-agreement-to-import-israeli-gas-via-egypt\/","url_meta":{"origin":547270,"position":3},"title":"The EU is working on an agreement to import Israeli gas via Egypt","author":"enterpriseam admin","date":"29 May 2022","format":false,"excerpt":"The EU is working on an agreement to import more Israeli gas through Egypt as the bloc tries to secure new supplies and cut imports from Russia, according to documents seen by Bloomberg.The proposal: We could sign an MoU with the EU and Israel that would up the amount of\u2026","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/5\/377.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":548885,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/25\/israeli-natgas-exports-surge-in-1h-2022\/","url_meta":{"origin":547270,"position":4},"title":"Israeli natgas exports surge in 1H 2022","author":"enterpriseam admin","date":"25 August 2022","format":false,"excerpt":"All the more gas for us to liquefy: Israeli natgas exports surged 35% y-o-y in the first six months of the year as production increased at its two biggest fields in the eastern Mediterranean, Bloombergreports. Israel exported some 4.59 bn cubic meters (bcm) during the period as production surged 22%\u2026","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/8\/392.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":635541,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/06\/el-molla-discusses-east-mediterranean-europe-gas-pipelines-with-eu-energy-commissioner\/","url_meta":{"origin":547270,"position":5},"title":"El Molla discusses east Mediterranean-Europe gas pipelines with EU Energy Commissioner","author":"enterpriseam admin","date":"6 December 2017","format":false,"excerpt":"Oil Minister Tarek El Molla discussed increasing energy cooperation with EU Energy Commissioner Miguel Arias Ca\u00f1ete in Brussels yesterday, Al Masry Al Youm reports. Talks included the potential extension of natural gas pipelines between Egypt and Europe, which would see gas sent to liquefaction plants in Egypt before it\u2019s re-exported.\u2026","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/547270","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=547270"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/547270\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/547266"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=547270"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=547270"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=547270"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=547270"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=547270"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}