Special Report-Israeli Government Approves EastMed Pipeline Agreement

Israeli Government approved the EastMed pipeline agreement signed with Greece and Southern Cyprus on January, 2nd. The agreement aims to deliver Eastern Mediterranean natural gas to Europe through Southern Cyprus and Greece.

The tripartite agreement estimates the cost of the project to be between $6 and $7 billion with an annual capacity of 10 billion cubic meters. The pipeline will pass through Southern Cyprus, Crete, and mainland Greece before reaching its final destination in Italy.

The three governments aim to reach an investment decision by 2022, and complete the project by 2025.

Need to access the insight?

Start your 7-day free trial now

Need to access the insight?

Start your 7-day free trial now

Need to access the insight?

Start your 7-day free trial now


Do you need to access special insights on this matter?

Start your 7-day free trial  and become a member today


Get your daily Business Brief

Subscribe free to Business Brief

Business Brief delivers the latest insights straight to your inbox

You'll get daily industry insights on

Energy, Cleantech, Oil & Gas, Mining, Defense, Aviation, Construction, Transportation, Online Retail, Bigtech, Finance and Politics of Business

By clicking subscribe you agree to our privacy and cookie policy and terms and conditions of use.

Read more insights

Energy Transition Efforts to Keep Demand for Metals High

Siemens announces its full exit from Russia after 170 years following Moscow’s invasion of Ukraine, which is described by the company CEO Busch as a “turning point in history”. The German industrial giant is set to face a €600m hit in the second quarter after the announcement.

U.S. Reiterates Warning to Chinese Firms Against Supplying Chips to Russia

U.S. Commerce Secretary Raimondo said the United States will enforce export controls on Chinese firms if they provide semiconductors to Russia that were manufactured using U.S. technology. Raimondo said such a measure would effectively shut down any Chinese chipmaker as they rely on U.S. software. 

European Gas Prices Break New Record Amid Russian Supply Slump

European gas prices broke new records as Russia still keeps supply tightly controlled. The move signals further price increases for consumers, as the continent heads into winter. Russian supplies via the Yamal-Europe pipeline fell by almost 77% from last Thursday to Friday, and Gazprom only filled a third of its capacity in October.  

error: This content is protected !!