Export LNG to European market in cooperation with Israel and Egypt.
Middle East Israel has begun supplying natural gas from the Mediterranean by pipeline to neighboring Egypt, and has been working with Egypt to export LNG to liquefied natural gas to the European market.
Israel and Egypt have issued a joint statement on energy cooperation on Tuesday, demonstrating that they have begun to supply Egypt with natural gas from an Israeli gas field offshore of the Eastern Mediterranean by pipeline.
The two countries will work together to convert Israeli gas into LNG (liquefied natural gas) at a facility in Egypt and export it to the European market.
In recent years, Israel has developed a large gas field found off the eastern Mediterranean, beginning to supply gas to Jordan earlier this month, and seeking to improve its energy cooperation with neighboring Arab countries.
Israel has also agreed this month with Greece and other countries to build an approximately 1,900 km long pipeline across the Eastern Mediterranean to address the European market.
Meanwhile, Turkey, which is eager to develop gas in the same waters in response to these movements, mutually exclusive in November last year to block a pipeline route on the Israeli side with a provisional government in Libya, located on the opposite shore of the Mediterranean. It is feared that it will set a new economic zone and become a new fire in this area.
What is Israel's gas field development
Israel is developing a large gas field off the eastern Mediterranean, aiming to become a major energy exporter in the region.
Israel has long relied on imports of fossil fuels, but since 2009, discovering and developing a large number of large gas fields offshore of the Eastern Mediterranean has enabled domestic gas consumption to be almost self-sufficient. became.
Last January, with the support of the United States, the United States launched a call to the neighboring Egypt, Jordan, Greece, Italy, and Cyprus to launch the “East Mediterranean Gas Forum,” which is promoting energy cooperation in the region.
In particular, the Arab nations Egypt and Jordan are seeking to improve their chilled relations by supplying Israeli gas through existing pipelines.
Meanwhile, Israel has agreed on February 2 to build a roughly 1,900 km long pipeline across the Eastern Mediterranean in Greece and Cyprus for a huge European market.
The LNG export plan, which was announced this time in cooperation with Egypt, seems to have the intention to start exporting gas to the European market as LNG without waiting for the construction of the pipeline.