Israel-Europe gas pipeline MoU signed
- israeltrade
- Dec 5, 2017
- 1 min read
Ministers of Energy from Israel, Cyprus, Greece and Italy in December signed in Cyprus a memorandum of understanding (MoU) for the laying of an underwater gas pipeline from Israel to Italy, Israel's Ministry of National Infrastructures, Energy and Water Resources has announced. The ministry said, 'This is a major step in promoting the laying of an underwater gas pipeline from Israel via Cyprus, Greece and Italy."
The planned pipeline will allow Israel to sign long term deals to export gas to Greece, Italy and other European markets. The planned pipeline will be 2,100 kilometers long, cost NIS 25 billion, and will be completed by 2025.
Find the original article produced by Globes here.