Source: Middle East Institute
Author(s): Karim Elgendy
Original Link: https://www.mei.edu/publications/egypt-eastern-mediterranean-power-age-energy-transition
On June 17, the European Union (EU) signed a memorandum of understanding with both Egypt and Israel that creates a framework for Israel to expand its natural gas exports to Europe via Egypt. The EU also agreed with Egypt to increase collaboration on renewable energy, hydrogen, energy efficiency, and the development of trans-Mediterranean electricity interconnectors. European Commission President Ursula von der Leyen described the agreement as a big step forward “for Egypt to become a regional energy hub.”
The emergence of Egypt as an Eastern Mediterranean energy hub did not start with these accords, however. Instead, the trilateral agreement was a culmination of years of deliberate efforts by the African country to reach this position.
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