The Ins and Outs of Israel’s Pipeline to Europe
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.
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.