Egypt and Israel sign deal for gas exports to EU

Egypt, Israel,

and the European Union signed a provisional deal for the export of natural gas at an energy conference in Cairo.

The memorandum of understanding is aimed at lessening the EU's reliance on gas from Russia.

The Israeli gas is expected to be sent to liquefaction plants in Egypt and then shipped north to markets in Europe.

The Israeli energy ministry says it will allow significant exports of Israeli gas to Europe for the first time