Diplomatic Briefing

Your exclusive news aggregator handpicked daily!

Newsline: US diplomat says Mediterranean gas pipeline to Europe not viable

A proposed pipeline to deliver natural gas from deposits in the east Mediterranean to European markets is too expensive, not economically viable and will take too long to help countries seeking alternatives to Russian gas any time soon, a senior U.S. diplomat said Thursday. U.S. Under Secretary of State Victoria Nuland said after talks with Cypriot President Nicos Anastasiades that countries in the region have understood that dependence on Russian oil and gas is “an extremely bad bet” following its invasion of Ukraine. But she said the proposed East Med pipeline project wouldn’t be able to immediately deliver the gas Europe now needs to swiftly wean itself of Russian energy because it would run in very deep water and construction would take more than a decade. “And frankly, we don’t have 10 years, but in 10 years from now, we want to be far, far more green and far more diverse” in energy sources, Nuland said. (https://news.yahoo.com/us-diplomat-mediterranean-gas-pipeline-093244257.html) The idea for the 1,900-kilometer (1,300-mile), $6 billion pipeline to send natural gas — which is used to heat homes, generate electricity and keep industry churning — from recently discovered deposits off Israel and Cyprus was spawned several years ago between European Union members Greece and Cyprus, whose leaders signed a deal in 2020 to proceed with its planning. Nuland’s remarks appear to effectively shelve the project. Nuland said the U.S. and regional partners including Israel, Greece, Cyprus and Turkey are looking for alternative ways to get gas to markets.

No comments yet»

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: