The Memorandum of Understanding between the EU, Egypt and Israel “on cooperation related to trade, transport and export of natural gas to the EU” was signed by the three parties on 15 June. It is an important milestone as it formalises an already-existing gas trading arrangement between Israel and Egypt and Egypt’s exports of LNG to Europe. But given the exaggerated coverage in the media, it is important to put this, and what it could mean for the East Med, in context.
The MoU is limited...
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