Egypt, Greece, and Israel are at the forefront of shaping Europe's energy supply

European energy security plans are strengthened by the East Mediterranean, reducing their dependence on Russian gas resources. The regional countries are standing as the front lines to work efficiently to match the gas demands while facing the upcoming challenges prevailing in the global energy market. Egypt is geographically well-placed to increase the gas export activities incorporated with European countries. Upgradations of the existing terminal facilities is a crucial domain to work on and enhance the European energy supply domain.

Egypt is an appropriate nation that can help to boost gas exports to the European nations. However, the European terminals lack LNG type and need to upgrade their terminals. The discovery of the Nargis-1 exploration well and gas findings by the German Wintershall Dea near the Nile Delta region have stated the vast potential of Egypt. It is also marking maritime boundaries with Greece and Cyprus, enabling itself with more gas extractions and pipeline connectivity. The nation holds over 2.21 trillion cubic meters of gas reserve centres and exports over 12 billion cubic meters annually in the year 2021.

Greece intends to explore exports, channeling its regional gas to Europe. It is also curious to find the happenings in the hydrocarbon exploration in the Ionian Sea and the South of Crete. Greece is incorporated along with Cyprus and Israel in the Euro-Asian Interconnector, which connects the three nations with an onshore gas transmission pipeline in northern Greece. Additionally, Israel is exploring gas reserves in Europe and can be proven as a significant resource to channel gas supply to Europe. With its associations with the East Mediterranean nations, Europe should focus more on collaboration strengthening its gas reserves and hence, the overall supply.

According to Procurement Resource, the East Mediterranean countries, especially Greece, Israel, and Egypt, are at the forefront, boosting the energy supply in the European nations. The countries, primarily Egypt, Greece, and Israel, are stepping forward to work on the gas supply in Europe while reducing Europe’s dependency on the Russian energy supply. Through mutual collaborations, the nations can turn significant gas suppliers to Europe.