Natural gas

The EU leaders will declare continued support for Ukraine and discuss how to deal with the impact of the conflict, especially the spike in energy prices and an impending food supply crisis.

Weeks-long siege ends at Azovstal, Russia says | Russia intensifies offensive in Donbas | Russia stops Finland gas flows over payment dispute.

Gazprom demanded Europe pays for Russian gas supplies in roubles because of sanctions imposed over Moscow's invasion of Ukraine.

Hochstein called the Trump administration’s decision to exit the 2015 Joint Comprehensive Plan of Action known as the Iran deal, a “tragic mistake.”

Israel can provide a large part of this quantity depending on the current capacity of the liquefying facilities in Egypt or the ability of the companies extracting the Israeli gas

Poland has repeatedly said it would not agree to Russia's demand to pay in roubles for gas it buys from Gazprom under new rules Moscow announced last month.

Israel and Egypt are producers of natural gas and the question is whether they or other east Mediterranean potential producers are relevant to the current situation.

“The European energy market is facing a substantial shortage following the Russia crisis,” Elharrar said. “Israel sees an opportunity and will take full advantage of it.”

The EastMed pipeline, meant to transfer natural gas from Israeli waters to Europe via Greece and Cyprus, was announced in 2016.

Gas will flow through the Israel National Gas Line from the Karish gas field to produce energy.