Italy, Israel, Greece and Cyprus have undertaken since the month of April to come up with the world's longest underwater pipeline, from the Eastern Mediterranean to the South of Europe, with the support of the European Union (EU).
If carried out as planned, the 6.2-billion-dollar pipeline will take gas from Israel and the recent discovery of offshore gas reserves to Europe, potentially reducing European dependence on Russian energy at a time of tension.
In a joint press conference in the commercial capital of Israel, Tel Aviv, the energy ministers of the four Nations and the EU Commissioner for climate action and energy, Miguel Arias Canete, committed themselves to the project. Both Israel as Cyprus began to extract gas from its offshore fields in recent years, with much larger projects expected to come on line in the future.
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