Egypt, Israel sign deal sign MoU to increase gas supplies, hydrogen transport

Egypt and Israel have signed on Thursday a memorandum of understanding to potentially increase natural gas supplies from Israel to Egypt for re-export, according to a statement by the Egyptian petroleum ministry.

The agreement also includes the possibility of using an existing pipeline between Egypt and Israel to transport hydrogen in the future, the statement further read.

Egyptian Petroleum Minister Tarek el-Molla signed the agreement with Israel’s Minister of Energy Karine Elharrar on the sidelines of the East Mediterranean Gas Forum (EMGF), which takes places in Cairo.

The agreement is part of efforts designed to expand the use of less carbon-intensive fuels to reduce greenhouse gas emissions in the region, the statement added.