European Union signs gas deal with Israel and Egypt

The European Union, Israel and Egypt have signed a tripartite natural gas export deal as the bloc seeks to diversify away from Russian energy.

According to the Israeli Energy Ministry, the deal which was finalized on Wednesday in Cairo will allow significant exports of Israeli gas to Europe.

Meanwhile, the European Commission Chief, Ursula von der Leyen welcomed the signing of the agreement, noting that it would contribute to Europe’s energy security.