Cyprus, Greece, Italy and Israel Back Gas Pipeline to Europe

Cyprus, Italy, Greece and Israel agreed on Tuesday to back the construction of a gas pipeline from newly discovered fields in the eastern Mediterranean, to Europe.

The project, known as East Med, involves a 2,000km long pipeline to channel offshore reserves in the Levantine Basin in the far east corner of the Mediterranean to Greece and Italy, at a cost of up to 6 billion euros.

The eastern Mediterranean has produced some of the world’s biggest gas finds in the past decade, and much of it is still thought to be untapped at a time Europe is looking to diversify its gas...


Cyprus, Greece, Italy and Israel Back Gas Pipeline to Europe


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