The European Union (EU) has created a framework for potentially sending more natural gas to the continent following a tentative agreement between Israel and Egypt.

The EU and the two potential partners clinched a memorandum of understanding (MOU) outlining collaboration efforts. The MOU highlights plans to send Israeli natural gas to Europe using liquified natural gas (LNG) infrastructure in Egypt. The three-year agreement, if confirmed, could be renewed for two more years.

Israeli Energy Minister Karine Elharrar  said the MOU was “another step toward positioning the country as a natural gas superpower,” continuing the ramp up of production.

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“The MOU will...