The Egyptian Minster of Petroleum and Mineral Resources, Tarek El Molla, and the Israeli Minister of Energy, Yuval Steinitz, announced that Israel began to pump natural gas to Egypt as of January 15, according to a press release.

This announcement is considered to be an important development which serve the economic interests of both countries and enable Israel to transfer natural gas to Europe through Egypt’s liquefaction plants in light of Egypt’s role to be natural gas regional hub.

According to the statement, the two ministries will announce this update in the ministerial conference of the Eastern Mediterranean Gas Forum (EMGF), which will be held on January 16 in Cairo.

It is expected that the Energy ministries of Egypt, Cyprus, Israel, Greece, Italy, Jordon, and Palestine will approve the establishment of a regional organization for natural gas during the summit that will be held.