34,5 million euros allocated the European Commission for the development of a plan for the construction of a gas pipeline from Israeli and Cypriot gas fields to the shores of Greece and Italy. According to European companies, this is an excellent opportunity to create an alternative to Russian blue fuel. This Israeli media reported 30 January 2018
The gas pipeline plan, called EastMed ("Eastern Mediterranean"), should be completed in 2019 d, after which the European Union will make a final decision whether it is worth investing in its laying and further operation.
At the moment, the daughter of the French energy company Edison - Poseidon - is conducting a study of the technical feasibility and profitability of the project.
The Europeans themselves support the project because they are interested in diversifying gas sources and reducing dependence on Moscow.
There are assumptions that the laying of the pipeline may begin as early as 2021.
But before that, a number of serious technical and economic obstacles must be solved.
On the technical side, the situation is as follows:
The economic side is even more embarrassing: