From OilPrice, April 7:
U.S. Doesn’t See EastMed Pipeline As Viable Alternative To Russian Gas
A planned pipeline to carry natural gas from the Eastern Mediterranean to Europe is too expensive to build and will be late to help Europe diversify its gas supply away from Russia, U.S. Under Secretary for Political Affairs Victoria Nuland said on Thursday.
The EastMed pipeline, for which a final investment decision is expected this year, is planned to deliver around 10 billion cubic meters of natural gas to the European Union (EU) through Greece and Italy. The EU has backed the project as a means to diversify its natural gas imports away from Russia. The EastMed project is expected to meet some 10-15 percent of the EU's projected natural gas needs. For the EastMed pipeline project, Israel, Greece, and Cyprus signed in early 2020 an agreement to build the infrastructure, aiming for a final investment decision in 2022 and for pipeline completion by 2025.
Following the Russian invasion of Ukraine, the European Union—with the help of American liquefied natural gas (LNG)—finds itself in a rush to replace as much Russian gas supply as soon as possible. The Russian war in Ukraine made Europe rethink its energy strategy, and the European Union has now drafted plans to cut EU demand for Russian gas by two-thirds before the end of 2022 and completely by 2030....
....MUCH MORE
Previously, February 21, i.e. three days before Russia's invasion:
ICYMI: "Biden Administration Kills Israel-to-Europe Gas Pipeline"
Putin smiles....
Related, April 2, "Are We Trying To Destroy Europe With The Sanctions?"
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):
