In a dramatic turnabout in Israel-EU relations, the European Union is asking Israel to immediately provide a substitute for the Russian natural gas now being sanctioned by the international community.
According to a new report in Israel Hayom, Israel and the European Union are conducting fast-track negotiations for the sale of Israeli natural gas to the EU, which would be piped to Europe via Egypt.
The two sides have already exchanged draft proposals and according to estimates, an agreement could be reached as early as this summer, following which the two sides will negotiate directly with the gas companies themselves. Continue Reading »
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