Israel Approves Giant Pipeline Project, to Export Natural Gas to Europe in 2025 – The Palestine Chronicle

The Israeli government cabinet approved on Sunday a $6.9 billion plan to lay a natural gas pipeline, Eastmed, with the aim of exporting natural gas to Europe. 

The plan was formulated by ministers of energy in Israel, Cyprus, Greece, and Italy last January. 

The natural gas was reportedly found in Israeli and Cypriot waters, giving the two countries’ energy sectors a huge boost and a competitive advantage over Turkey and other countries in the region. 

The East Mediterranean energy scene, however, is quite complicated, as the same waters are also being contested by Turkey and Libya. 

Israel Approves Giant Pipeline Project, to Export Natural Gas to Europe in 2025

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