Greece to Commission Feasibility Study for Mediterranean Gas Pipeline

Greece to Commission Feasibility Study for Mediterranean Gas Pipeline

Greece opened an international tender for a study on the feasibility of a planned pipeline to carry gas from Israel and Cyprus, Reuters reported.

The Eastern Mediterranean Pipeline is designed to initially carry 8 billion cubic metres a year of Israeli and Cypriot gas, stretching from Israel's Leviathan natural gas field to Greece and onto European markets through the IGI-Poseidon pipeline, led by Italian utility Edison and state-controlled Greek utility DEPA.

For Cyprus, the pipeline is one of three Projects of Common Interest involving the island, approved by the European Commission, which has backed 250 power and gas projects designed to curb reliance on Russian gas imports and create a single market. The other two are Cypriot plans to create a Liquefied Natural Gas terminal on its southern coast, and a subsea electricity cable linking Israel, Cyprus and Greece.

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