Supply & Demand

Israel seeking deal on EastMed pipeline this year

Israel is hoping for progress on pipeline gas exports to Europe, with an undersea route through the Mediterranean and another via Turkey in the running Israel is hoping for progress on pipeline gas exports to Europe, with an undersea route through the Mediterranean and another via Turkey in the running.
By James Gavin 2 May 2018 0 30688
Pipe-laying work for Turkish Stream Pipe-laying work for Turkish Stream. (Gazprom)

Israel is pressing on with plans to export gas to Europe via a pipeline under the Mediterranean Sea. The route is less fraught with geopolitical tensions than another planned pipeline through Turkey, but the technical challenges mean its development is far from certain.

Israel is looking to sign a deal on the 10-billion-cubic-metre-per-year connection, called the EastMed pipeline, with the other countries involved by the end of 2018, according to the country’s energy minister, Yuval Steinitz. This will mean meeting the terms set out in a...