GAS SUPPLY: “The European energy market is facing a substantial shortage following the Russia crisis,” Elharrar said. “Israel sees an opportunity and will take full advantage of it.”

Israel is preparing to step into the gap in Europe’s energy market left by sanctions on Russian natural gas as soon as this summer, Energy Minister Karin Elharrar said on Thursday.

“The European energy market is facing a substantial shortage following the Russia crisis,” Elharrar said. “Israel sees an opportunity, and will take full advantage of it.”

Russia provides Europe with about 40% of its natural gas consumption per year, more than 150 billion cubic meters (BCM).

Israel cannot totally take Russia’s place, but eastern Mediterranean states can provide about 20 BCM annually, most of which would come from Israel.

The US promised Europe 15-20 BCM of liquefied natural gas (LNG) following the Russia sanctions, and Qatar is expected to export 20-30 BCM to Europe.

“We’re not a replacement for Russian gas, but we have a good amount that we can export,” a senior diplomatic source said this week, commenting that the energy issue comes up as “a huge issue for everyone” in most conversations between top Israeli officials and foreign counterparts.

“The question is what is the quickest and most cost-efficient method, and what is most beneficial to all those involved,” said the source.

Elharrar and the EU Commissioner for Energy Kadri Simson established a working group on energy, which Egypt will be joining as well.

The working plan, based on an agreement between Elharrar and her Egyptian counterpart that has yet to be finalized, is for Israeli natural gas to go through Egypt’s plant for liquefaction and then exported to Europe.

An Egyptian diplomatic source confirmed that there are “ongoing talks in light of requests from the European side to see how we can work together in the field of gas to be able to export more to the EU. It is an ongoing discussion that has not been finalized for Israel to export more to Egypt and then Egypt export more to the EU.”

Natural gas cooperation came up in Foreign Minister Yair Lapid’s meeting with Egyptian Foreign Minister Sameh Shoukry last week, at the Negev Summit.

The increased exports in cooperation with Egypt will only begin once production begins in the Karish-Tanin field, which Elharrar said will likely be in September.

MangekyoAlt:
Is this a joke? Israel to supply EU with which oil? The EU consumes 16million barrel of oil per day. Meanwhile, the entire proven reserve of Israel is under 12millon so where they want get the oil? Russia's proven oil reserve is 80 BILLION, which is why they are able to power the EU.

Edit: abi will they be buying from other countries and ship to the EU? Like the way Germany buys from russia and then ships to Poland? bcus I no just understand

Uprightness100:
When I see people blindly argue, I shake my head. Everything is Falling in place according to the Bible and People are blind to see.

Just as we envisaged! The Prophetic dots are falling in place.

In these Last of the Last Moments keep a Keen Eye on GOD'S Prophetic time clock, Israel. She is the Centre of Everything in the Endtimes.

Camelot65:
You're talking of oil and I'm seeing gas there instead

MangekyoAlt:

You small boy.........
Meanwhile, oil is more demanded for in Europe and even everywhere.

Camelot65:
You're talking of oil and I'm seeing gas there instead

KaluwisxPRO:



You dey mind that one, they don’t pay attention. They’re just prepared for blind arguments daily.

MangekyoAlt:
Is this a joke? Israel to supply EU with which oil? The EU consumes 16million barrel of oil per day. Meanwhile, the entire proven reserve of Israel is under 12millon so where they want get the oil? Russia's proven oil reserve is 80 BILLION, which is why they are able to power the EU.

MangekyoAlt:

You small boy.........
Meanwhile, oil is more demanded for in Europe and even everywhere.

Camelot65:
You're talking of oil and I'm seeing gas there instead

MangekyoAlt:

You small boy.........
Meanwhile, oil is more demanded for in Europe and even everywhere.

Uprightness100:


Oga leave all these fabricated numbers. You have idea of what Israel has.
Let me bust your brain: Do you Know Israel is the richest Nation on earth?
A Nation highly blessed in Natural resources of all kinds. GOD ALMIGHTY Himself calls them a Nation Flowing with
"Milk and Honey" and you think it is a mouth exercise. In Short all the Nations of the Earth are Blessed through Israel. The Natural resources in Israel, no nation has it.

Israel from the beginning has always been hated . They are a Small nation but Powerful and Blessed. That is why they are in a world of their own. That is the way GOD created them.

So all these your calculations are irrelevant. Israel will Conviently Bless the world.

joyandfaith:


Gas not oil.

MangekyoAlt:

OK boomer

MangekyoAlt:


Israel is rich, but not the richest on earth. Russia takes that spot
https://miningdigital.com/top10/top-10-countries-based-on-natural-resources

https://www.statista.com/statistics/748223/leading-countries-based-on-natural-resource-value/

Uprightness100:
My Brother, no Nation in Earth is as Wealthy or rich as Israel. Russia does not Not a quarter of what Israel has.
Forget what u see in media.
Israel is the Wealthiest nation on Earth.
Israel is the Only nation on earth that Confindently survive on its own. There is no other.
Hate Israel or Love Israel, you cannot do without them.
Some time ago, the President of one of those Enemy nations around them, was screaming , let's boycott Israel and all they have. They told the man, oga the Gadget you are making is from Israel.

A Little Nation right in the midst of Enemies and People who hate, yet Greatly Prosperous.
It is not about the citizens in the nation or by their power. It is the Covenant GOD had with them.
Israel is GOD'S Signature on Earth. There is nothing anyone can do about them.