Mediterranean countries back East Med pipeline to Europe
06 December, 2017
The governments of Italy, Greece, Israel and Cyprus have agreed to back the construction of a gas pipeline from newly discovered fields in the Eastern Mediterranean to Europe.
The East Med project involves a 2,000km long pipeline to channel offshore reserves in the Lavantine Basin to Greece and Italy.
Estimated to cost approximately €6bn (£5.3bn), the pipeline will help Europe’s diversity in gas resources to secure its energy security.
The four countries also said they would co-operate to facilitate studies, permits, construction and operation of the project.