Israel says big boost in gas supply to Europe will take years
Israel will require several years before it can significantly increase its natural gas supplies to Europe, the country's energy ministry said on November 11.
Israel and neighboring Egypt had signed a memorandum of understanding with the European Union in June to ship more gas to the bloc as it seeks to diversify away from Russia, Reuters reports.
Asked when new supplies would be delivered under that framework deal, Lior Schillat, the director-general of the Ministry of Energy, said it would be a while.
Israel has become an energy exporter following a number of offshore gas discoveries over the past decade. It has been increasing the amount it sells to neighbors Egypt and Jordan and is studying the option of shipping more to Egypt, where it can be liquefied and sold to more distant markets as LNG.
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