Israeli Energy Minister Yisrael Katz announced on Wednesday that Israel will increase its natural gas exports to Egypt from the offshore Tamar field, according to Reuters.
“This step will increase state revenues and strengthen diplomatic relations between Israel and Egypt,” Katz wrote in a post on the social media platform (X), without providing further details.
Reuters said the move comes amid renewed interest in offshore exploration in Israel, and a debate over whether the gas should be kept for domestic use.
quotes The Jerusalem Post In a previous report, the minister called for increasing natural gas exploration in the Mediterranean.
Egypt, which is facing growing gas demand from its 105 million population, saw its gas production drop between January and May by 9 percent year-on-year, according to Reuters.
The country suffers from an energy shortage, as heatwaves have increased demand for cooling.
2023-08-23 15:15:26
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