Israel will export gas to Cyprus, Greece and Italy
The gas pipeline, whose construction is expected to be completed in about eight years, will reach Italy via Greece and Cyprus. In the shadow of the crisis with Turkey over American recognition of Jerusalem, the energy ministers of the countries signed the memorandum of understanding: "Israel will help the European energy economy"
Nir Dvori, News 2
Published: 05/12/2017 | Update:
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Efforts to export gas to Europe continue: Israel signed a memorandum of understanding with Cyprus, Greece and Italy on the construction of a pipeline from Israel to Italy. The pipeline is expected to pass through these countries, costing about NIS 25 billion and construction is expected to be completed in another eight years.
Want more updates? The Ministry of Energy's announcement comes against the background of the sharp condemnations voiced by Turkey regarding possible American recognition of Jerusalem as the capital of Israel. Turkish President Recep Tayyip Erdogan threatened to sever political ties with Israel if the US move was carried out, and the dramatic threat could be understood in light of the fact that the gas pipeline would pass through Cyprus and Greece rather than via Turkey. And the Ministry of Energy in Israel defined it as "a significant step in promoting the construction of the underwater gas pipeline." The planned pipeline will be about 2,000 kilometers at an estimated cost of NIS 25 billion, and its construction is expected to be completed in 2025. Its construction is likely to ensure an export pipeline Israel and other European markets and to promote competition in the gas market The project will strengthen the energy security of the European Union and diversify the sources of natural gas supply to Europe. Minister of Energy Yuval Steinitz: "The vision I have declared in Israel is taking shape in the meeting today In Cyprus. The Israel-Italy underwater pipeline will make the State of Israel an important player in the European energy market.
http://reshet.tv/item/news/economics/economics/newsitem-679484/
The gas pipeline, whose construction is expected to be completed in about eight years, will reach Italy via Greece and Cyprus. In the shadow of the crisis with Turkey over American recognition of Jerusalem, the energy ministers of the countries signed the memorandum of understanding: "Israel will help the European energy economy"
Nir Dvori, News 2
Published: 05/12/2017 | Update:
Share 84
Efforts to export gas to Europe continue: Israel signed a memorandum of understanding with Cyprus, Greece and Italy on the construction of a pipeline from Israel to Italy. The pipeline is expected to pass through these countries, costing about NIS 25 billion and construction is expected to be completed in another eight years.
Want more updates? The Ministry of Energy's announcement comes against the background of the sharp condemnations voiced by Turkey regarding possible American recognition of Jerusalem as the capital of Israel. Turkish President Recep Tayyip Erdogan threatened to sever political ties with Israel if the US move was carried out, and the dramatic threat could be understood in light of the fact that the gas pipeline would pass through Cyprus and Greece rather than via Turkey. And the Ministry of Energy in Israel defined it as "a significant step in promoting the construction of the underwater gas pipeline." The planned pipeline will be about 2,000 kilometers at an estimated cost of NIS 25 billion, and its construction is expected to be completed in 2025. Its construction is likely to ensure an export pipeline Israel and other European markets and to promote competition in the gas market The project will strengthen the energy security of the European Union and diversify the sources of natural gas supply to Europe. Minister of Energy Yuval Steinitz: "The vision I have declared in Israel is taking shape in the meeting today In Cyprus. The Israel-Italy underwater pipeline will make the State of Israel an important player in the European energy market.
http://reshet.tv/item/news/economics/economics/newsitem-679484/
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