Commentary
This week, Israel officially positioned itself as a natural supplier to Europe, one of the largest markets on earth.
The announcement of an agreement signed by Israel, Egypt, and the European Union on June 15 at the East Mediterranean Gas Forum will be a huge deal for both Europe and Israel. The Europeans’ drive to find alternative sources of natural gas is a direct result of Russia’s invasion of Ukraine.
A Big Deal for Europe and Israel
For decades, Europe has relied on Russian natural gas, and Russia’s good graces, for energy. Moscow has repeatedly shut off gas to European nations at will as a way of influencing policy….