East Mediterranean gas could be piped to Europe by 2018

The ITGI pipeline project, which in February was excluded from the bid to carry Azerbaijani gas into Europe, may instead tap into the East Mediterranean’s vast offshore gas reserves.
By Leigh Elston 12 September 2012 0 12092
Proposed East Mediterranean pipeline. (Pytheas Investor Service)

The ITGI pipeline project, which in February was excluded from the bid to carry Azerbaijani gas into Europe, may instead tap into the East Mediterranean’s vast offshore gas reserves.

“By 2018-2019, gas from the East Mediterranean may find its way to Greece and through Greece to the rest of Europe, providing diversification and security of supply as well diversification of routes,” Dimitris Manolis, ITGI’s director of international activities, told Reuters on the sidelines of an energy conference in Vienna.

East Mediterranean gas explorers, led by Texas-based Noble...

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