EU Discussing Israeli LNG Imports ...Middle East

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EU Discussing Israeli LNG Imports
source : OILPRICE ( Middle East ) () 25
The European Union is in talks with Israel to start importing Israeli natural gas that would be liquefied at an Egyptian facility, Bloomberg has reported, citing documents. Israel has abundant offshore natural gas reserves and has been looking to expand its international presence in the gas market. Over the next two years, Israel plans to double its current production rate to some 40 billion cu m, with Europe the most logical expansion target, according to reports from earlier this year. "The hope is to create a relatively fast working process…

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