Israel to build a gas pipeline until the end of 2025 to supply gas to Europe


Israel said it had reached an agreement in principle from Greece, Cyprus and Italy on the construction of a gas pipeline 2,100 kilometers long and worth about 6 billion euros, which would connect Israel with Europe for the supply of gas to this region. The pipeline construction project was approved by EU experts a year ago. Israel’s Energy Minister Yuval Steinitz stated that countries were planning to sign an agreement by February 2019. This step will give them the opportunity within a year to resolve the issue of private financing of this project. The countries participating in the project are planning to begin gas supplies to Europe through a new gas pipeline before the end of 2025.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
Something went wrong