Israel Envisions “Long” Undersea Natural Gas Pipeline To Europe

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Source: Pipeline Journal

Israel’s Leviathan Gas Reservoir could have profound geopolitical as well as geoeconomic implications for the country, which has been ostracized by its neighbors since its inception in 1948.

With over 900 billion cu meters of natural gas off of Israel’s coast and some indications pointing to another 2,200 bcm waiting to be tapped, Israel can help Europe diversify its sources of gas, earn significant hard currency, strengthen regional economic cooperation and ultimately its own political relations by bringing the eastern Mediterranean gas to Greece and the rest of Europe, either by underwater pipeline or as LNG via tanker.

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