The European Union plans to supply liquefied natural gas to Europe from Egypt. The agreement between the parties is at the final stage and can be signed as early as the end of June, when the President of the European Commission Ursula von der Leyen will visit Cairo. It is reported by Bloomberg.

According to the source, the scheme for supplying fuel to Europe will include the liquefaction of Israeli natural gas at Egyptian refineries before shipment.. The agreement will also include measures to prevent the leakage of methane, which is a powerful greenhouse gas..

Bloomberg notes that an agreement with Egypt could be a very important step in ensuring both food and energy security of the European continent after Russia's invasion of Ukraine.. The EU also believes that African countries have great potential to supply not only liquefied natural gas, which is necessary to replace Russian fossil fuels, but also green hydrogen in the coming years..

Analysts of the publication note that in addition to Egypt, the EU is studying the option of importing gas from Algeria. The country has a large field on its territory, but too high levels of methane emissions from fuel extraction may be a problem. Because of this, scientists and experts express concerns about the negative impact of such agreements on the planet's climate..

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Earlier it was reported that Biden praised Saudi Arabia for increasing oil production.