World’s longest gas pipe planned in Med

Multinational

NICOSIA, December 6, 2017 – Italy, Cyprus, Greece and Israel signed an MoU for the construction of the EastMed natural gas pipeline, projected to be the world’s longest, on Tuesday.

“The project will secure a direct long-term export route from Israel and Cyprus to Greece, Italy and other European markets as an additional element of the Eastern Mediterranean Corridor, thereby strengthening EU’s security of supply, while promoting competition among gas suppliers,” the energy ministers of Cyprus, Greece and Israel and Italy’s ambassador to Cyprus said in a joint statement from Nicosia.

The MoU is expected to be followed by an intergovernmental agreement some time in 2018.

According to a separate Reuters report, the pipeline is estimated to cost up to EUR 6 billion and to have capacity of 16 bcm (565 bcf) of gas per year.

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