Friday 3 January 2020

Israeli leaders sign an agreement with Cyprus and Greece to build a pipeline that will bring Israeli gas to Europe


Israeli gas pipes, Shutterstock.





Joel Kontinen

Israeli prime minister Benjamin Netanyahu and Energy Minister Yuval Steinitz travelled to Athens, Greece, on Thursday, where they are to sign a three-way gas agreement with Cyprus and Greece that sets the stage for the exportation of natural gas to Europe.

The prime minister added that “We have established an alliance in the Middle East of tremendous importance for the future of Israel’s energy and turning it into an energy superpower.

The Athens summit occurs in the context of recent strategic talks between Israel, Cyprus and Greece, and the launch of Israel’s offshore Leviathan gas field on Tuesday, the largest energy project in Israel’s history. It is expected to yield 22 trillion cubic feet of natural gas, paving the way for multibillion-dollar gas-export deals with Egypt and Jordan. Turkey tried to hinder israel's gas pipes.

Source.

Israel, Cyprus and Greece are Signing an agreement to Build a Pipeline that Will bring Israeli Gas Across the Mediterranean Sea to Europe. Breaking Israel News (January 2).