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Reuters
Reuters
Business

COP27: Israel says big boost in gas supply to Europe will take years

Israel Europe Egypt Natural Gas
FILE PHOTO: A view of a logo of the COP27 climate summit in Sharm el-Sheikh, Egypt, November 11, 2022. REUTERS/Mohamed Abd El Ghany/File Photo

Israel will require several years before it can significantly increase its natural gas supplies to Europe, the country's energy ministry said on Friday.

Israel and neighboring Egypt had signed a memorandum of understanding with the European Union in June to ship more gas to the bloc as it seeks to diversify away from Russia.

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