Nefeli Tzanetakou
According to the Israeli Foreign Ministry, final decisions on the EastMed pipeline will be made in 2019, once a study on the project’s commercial feasibility is complete, while Israel, Cyprus and Greece are expected to sign an intergovernmental agreement in the upcoming period.
If, according to the study, gas demand in Europe and energy market forecasts justify the need to complete the project, in this case the 2,000-kilometer underwater pipeline – worth an estimated 6.75 billion dollars – we be ready for operation in 2025.
The political feasibility of the project is undoubtable, as the East Med pipeline will connect – at all levels - the Eastern Mediterranean with Europe.
According to the Israeli Foreign Ministry, final decisions on the EastMed pipeline will be made in 2019, once a study on the project’s commercial feasibility is complete, while Israel, Cyprus and Greece are expected to sign an intergovernmental agreement in the upcoming period.
If, according to the study, gas demand in Europe and energy market forecasts justify the need to complete the project, in this case the 2,000-kilometer underwater pipeline – worth an estimated 6.75 billion dollars – we be ready for operation in 2025.
The political feasibility of the project is undoubtable, as the East Med pipeline will connect – at all levels - the Eastern Mediterranean with Europe.
