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EU signs deal with Israel, Egypt in bid to replace Russian oil
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EU signs deal with Israel, Egypt in bid to replace Russian oil

EU signs gas deal with Israel, Egypt. EU seeks to ditch Russian oil.

Where: World

The Facts

On Wednesday, the European Union signed a natural gas deal with Egypt and Israel during a meeting in Cairo.
The move aims to reduce Europe’s dependence on Russian energy exports.
The tripartite deal was signed during a meeting between European Commission President Ursula von der Leyen, Egyptian Petroleum Minister Tarek El-Molla, and Israeli Energy Minister Karine Elharrar.
von der Leyen tweeted, “This will contribute to our energy security.”
For years, the EU has relied on Russian gas to power factories and heat homes but has been looking for viable alternatives since Russia’s invasion of Ukraine began.

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