Displaying items by tag: pipeline awaits approval
The EU is finding it difficult to decrease its dependence on Russian oil and gas. One alternative is the proposed EastMed pipeline, which would carry natural gas extracted from fields under the waters of Israel's and Cyprus's exclusive economic zones to Greece and from there to other European countries. The pre-feasibility studies of the pipeline, conducted from 2015-18 and paid for by the EU, found that the project is ‘technically feasible, economically viable and commercially competitive’. The US under secretary of state for political affairs, meeting with her counterparts in Turkey, has said that more pipelines are needed in the Eastern Mediterranean. However, the USA prefers to steer business to Turkey rather than to America's democratic allies, Cyprus, Israel and Greece. Algerian gas pipelines are also acceptable to the Americans, but the long-planned EastMed pipeline is not.