EastMed | |
---|---|
Location | |
Country | Greece Cyprus Israel |
General direction | East–West |
General information | |
Type | Natural gas |
Partners | DEPA Edison |
Expected | 2025-2027[1][2] |
Technical information | |
Length | 1,900 km (1,200 mi) |
Maximum discharge | 10 billion cubic metres per annum (350×10 9 cu ft/a) |
The Eastern Mediterranean pipeline or simply EastMed is a planned offshore/onshore natural gas pipeline, directly connecting East Mediterranean energy resources to mainland Greece via Cyprus and Crete.[3] The project, currently in design, will transport natural gas from the off-shore gas reserves in the Levantine Basin into Greece, and in conjunction with the Poseidon and IGB pipelines into Italy and other European regions.[4] The pipeline will have a length of approximately 1,900 km, reach depths of 3km, and have a capacity of 10 billion cubic meters per year.[5][6] Construction of the pipeline is expected to cost approximately €6 billion (US$6.86 billion).[7] The pipeline is being developed by IGI Poseidon S.A., a 50-50% joint venture between the Greek gas utility DEPA and the Italian gas utility Edison.[5]
On 2 January 2020, the EastMed Pipeline accord was signed in Athens by the leaders of Greece, Cyprus, and Israel.[5][6][8] On 19 July 2020, the Israeli government officially approved the accord, allowing the signatory countries to move forward with plans to complete the pipeline by 2025.[7]
However, following the withdrawal of support from the United States in January 2022, it is likely that the pipeline will be rerouted through Egypt to bypass Cyprus.[9]