Tuesday, August 4, 2020

ICYMI: "Israel approves pipeline deal to sell gas to Europe"

I'm a bit late getting to this but sometimes things go into the link-vault and just disappear for a while.
From Reuters, July 19:
The Israeli government on Sunday approved an agreement with European countries for the construction of a subsea pipeline that would supply Europe with natural gas from the eastern Mediterranean.

The Eastmed pipeline, which has been in planning for several years, is meant to transport gas from offshore Israel and Cyprus to Greece and on to Italy. A deal to build the project that was signed in January between Greek, Cypriot and Israeli ministers had still required final approval in Israel.
The countries aim to reach a final investment decision by 2022 and have the 6 billion euro ($6.86 billion) pipeline completed by 2025 to help Europe diversify its energy resources....MORE 
And from one of our earlier Israel natural gas posts:
January 6, 2020 
Israel's Leviathan Gas Field Begins Pumping as ExxonMobil Secures 1.7 Million Acres Offshore Egypt
First up, a good use for the 2019 Platts chart book (see embarrassing error here):


https://www.zerohedge.com/s3/files/inline-images/EastMed_GasAssets_EGD_20190220_Portrait.jpg?itok=mIdFemfI
HT ZeroHedge

And from AFP, December 31:
Israel's Leviathan field begins pumping gas...