32.2 C
Belgrade
Supported byspot_img
spot_img

An Israeli gas pipeline to Turkey and Europe

Member of Europium Groupspot_img
Supported byspot_img

Israel’s Minister of National Infrastructures, Energy and Water Resources Yuval Steinitz announced the first bid round that includes 24 areas for searching oil and natural gas in the economic water of Israel. The opening of the sea, which was closed for distribution of new licenses in the past 4 years, is expected to lead to a significant increase in the extent of oil and natural gas production of Israel. “The opening of the sea for natural gas and oil searches is the best investment for Israel and its future,” he told reporters at a press conference on Tuesday.Last week Steinitz with Energy and Water Resources director general Shaul Meridor together with professionals from the Ministry of National Infrastructures, hold the first intergovernmental meeting with Turkish counterparts for pipeline project following the reconciliation between the two countries.Steinitz and the Turkish Minister of Energy and Natural Resources Berat Albayrak held talks on a framework agreement between the two countries calling for a pipeline to be laid by April 2017, but it is believed that the completion date of the agreement is likely to be deferred.On Tuesday, the Israeli Minister was very optimistic about reaching an agreement with Turkey. The idea is to create a pipeline to Turkey and from there to Europe.Steinitz also said that there are already contacts with the EU Directorate-General for Energy , for the creation of the pipeline.”It can go through Turkey, and then Cyprus, Crete and Italy, or a direct pipeline that will cross the Mediterranean Sea straight to Italy. One year ago we met with EU representatives and we decided to check the costs of such a long pipeline. Experts said the cost would be $6 milliard, which is a sum governments can deal with”. Israel and Jordan has already signed an agreement and Steinitz said there were talks with Egypt on the export of gas from Israel to that country.
source: ejpress.org

Supported byElevatePR Digital

Related News

Rio Tinto Assures on 2500 Pages – There is a Solution for Every Danger

Rio Tinto executed a move announced six months ago – they published drafts of environmental impact studies on how harmful the lithium mine in...

Geopolitical struggle over Central Asia’s rare-earth reserves

Central Asia, encompassing Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, Uzbekistan, Afghanistan and Mongolia, holds vast untapped reserves of rare-earth minerals. Recent global developments have thrust these...

Guatemala revokes environmental license for Canadian-backed open-pit mine

The Guatemalan government has revoked the environmental license for a proposed open-pit mine near the border with El Salvador, citing multiple "anomalies," including forged...

Thailand’s $1.20 quadrillion mineral wealth: A catalyst for new industrial growth

Thailand is home to a treasure trove of mineral resources that could significantly boost its economy and spearhead the development of new industries. With...
Supported by
Supported by
Supported by
error: Content is protected !!