Israel is moving quickly to greatly increase exports of natural gas to Europe as the continent seeks to wean itself off Russian energy imports. Initial work is already underway to step up production at existing fields and begin exploration of new ones. Proposals for a pipeline linking Israeli fields to Europe are still under consideration, but the new gas-market dynamics have made liquefaction the more promising alternative. Increased gas exports would further add to Israel’s foreign exchange earnings and contribute to economic growth, but the greater importance lies in deepening political and economic ties with Europe and its regional energy partners. That said, a significant increase in gas exports is three to five years away.
Read more: https://www.al-monitor.com/pro/memos/israel-gears-begin-natural-gas-exports-europe#ixzz7zVUqt229
To continue reading the original article please click here
About EMC: EMC is a key platform in the energy calendar bringing together government representatives, Global CEOs, NOCs, IOCs, International Service Providers, EPCs, consultants and financiers to address the evolving opportunities in global energy markets. EMC 2023 is the premier energy gathering in the Eastern Mediterranean. For more information please email conference@emc-cyprus.com or visit www.emc-cyprus.com
