The Ins and Outs of Israel’s Pipeline to Europe

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The Ins and Outs of Israel’s Pipeline to Europe by Tom Luongo – Gold, Goats and Guns

Israel announced a major pipeline project from the gas fields off its shore involving four countries, terminating in northern Italy.  The EastMed Pipeline could be one of the longest in history as well as one of the most technically difficult to pull off.

eastmed pipeline

The deal was announced on World Israel News a few days ago and has been in negotiation for a couple of years now.

It’s being billed as a counter to both Arab and Russian power but that’s not really true.  This will supposedly deliver 20 bcm annually to Cyprus, Greece and Italy and come at a significant cost because of the challenge of it.  But the first train will be 10 bcm according to IGI Poseiden’s website, the company building the pipeline.  10 bcm is similar in size to the Southern Gas Corridor bringing gas in from Azerbaijan.

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Rory Hall, The Daily Coin and Gospel News Network. Beginning in 1987 Rory has written over 1,400 articles and produced more than 500 videos on topics ranging from the precious metals market, economic and monetary policies, preparedness as well as geopolitical events. His articles have been published by Zerohedge, SHTFPlan, Sprott Money, GoldSilver, Gold Seek, SGTReport, and a great many more. Rory was a producer and daily contributor at SGTReport between 2012 and 2014. He has interviewed experts such as Dr. Paul Craig Roberts, Dr. Marc Faber, Eric Sprott, Dr. Warren Coates and Peter Schiff, to name but a few. Don't forget to visit The Daily Coin and Gospel News Network to enjoy some of the best economic, precious metals, geopolitical and preparedness news from around the world.