{"id":622060,"date":"2018-11-26T04:10:53","date_gmt":"2018-11-26T04:10:53","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/26\/israel-to-supply-natural-gas-to-greece-italy-and-cyprus\/"},"modified":"2018-11-26T04:10:53","modified_gmt":"2018-11-26T04:10:53","slug":"israel-to-supply-natural-gas-to-greece-italy-and-cyprus","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/26\/israel-to-supply-natural-gas-to-greece-italy-and-cyprus\/","title":{"rendered":"Israel to supply natural gas to Greece, Italy and Cyprus"},"content":{"rendered":"

<\/a> Israel wants to build a USD 7-8 bn pipeline to supply natural gas to Europe: <\/strong>Israel has signed agreements with Greece, Italy and Cyprus to supply them with natural gas through a USD 7-8 bn 2,000 km pipeline that will take some five years to build, Israeli TV news channel Hadashot reported late on Saturday, according to i24NEWS<\/a>, Globes<\/a>and the Times of Israel<\/a>. The European Union has already provided USD 100 mn to fund a feasibility on the pipeline, which is expected to be the world\u2019s longest and deepest, the news channel reported. Energy Minister Yuval Steinitz was quoted as saying, \u201cFor decades, we have complained about the Arab influence in Europe due to oil and gas.<\/strong> The export of gas to Europe will moderate this influence to a certain extent and be a counterweight to Arab power.\u201d Israel recently signed agreements with neighboring Egypt and Jordan to supply them with natural gas for both domestic consumption and, in Egypt\u2019s case, onward export to Europe through LNG trains.<\/p>\n

Ready by 2025? <\/strong>Israel signed a MoU with the three European countries back in December 2017 and has since been in discussion with them about details of the project, Globe noted. The EU is expected to approve the agreement later this week and a final contract should be signed in February 2019 while financing for the project is expected to take a year before construction kicks off \u2014 which would mean the pipeline could be ready by 2025, Globe noted.<\/p>\n

The first real challenge to Egypt\u2019s role as regional energy hub \u2014 or Israeli pipe dream? <\/strong>Israel has been doggedly lobbying for the pipeline for years \u2014 in fact, Tel Aviv saw Egypt as a viable gas export hub only because of the technical and financial difficulty in building a 2,000 km underwater pipeline. Michael Leigh, former director-general of the European Commission, is not convinced of the project\u2019s viability. \u201cIt\u2019s not feasible for commercial and political reasons \u2026 it\u2019s pie in the sky,\u201d he said back in 2016<\/a>. The pipeline will need Turkey on board<\/a>, which might be challenging given the maritime border dispute it has with Cyprus.<\/p>\n","protected":false},"excerpt":{"rendered":"

Israel wants to build a USD 7-8 bn pipeline to supply natural gas to Europe: Israel has signed agreements with Greece, Italy and Cyprus to supply them with natural gas through a USD 7-8 bn 2,000 km pipeline that will take some five years to build, Israeli TV news channel Hadashot reported late on Saturday, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[211,93,72,7192,381,89,336,1033,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-622060","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-cyprus","tag-energy","tag-enterpriseam","tag-eu","tag-greece","tag-israel","tag-italy","tag-jordan","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"26e3d899-6477-4556-addc-010528ebe775","order":"0","is_powered_by":true,"section_story_id":"13f58fc1-3712-426c-af99-588abb751abc","story_type":"1","photo_url":"","photo_position":"above","related_issue":[622049],"teaser":"","voice_url":""},"yoast_head":"\nIsrael to supply natural gas to Greece, Italy and Cyprus - 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Israel Natural Gas Lines (INGL) signed an MoU yesterday with Greek-Italian JV IGI Poseidon to look into the technical, regulatory, and other issues of constructing a natural gas pipeline to Europe, the Israeli government-owned INGL said in a regulatory filing, according\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/11\/1376.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":630657,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/29\/why-cant-israel-just-cast-its-natural-gas-lot-with-egypt-just-like-everyone-else\/","url_meta":{"origin":622060,"position":1},"title":"Why can\u2019t Israel just cast its natural gas lot with Egypt just like everyone else?","author":"enterpriseam admin","date":"29 April 2018","format":false,"excerpt":"Why can\u2019t Israel just cast its gas lot with Egypt like everyone else? Israel appears to still be trying to get a EUR 6 bn natural gas pipeline to sell natural gas from its Leviathan field to Europe. The pipeline would connect its fields to Cyprus, Greece and Italy. Israel\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":622174,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/28\/will-israels-pipeline-dream-ever-come-true\/","url_meta":{"origin":622060,"position":2},"title":"Will Israel\u2019s pipeline dream ever come true?","author":"enterpriseam admin","date":"28 November 2018","format":false,"excerpt":"Is Israel\u2019s pipeline dream realistic? Israel\u2019s ambitions to build a USD 7-8 bn pipeline to supply natural gas to Europe by 2025 might be a little too optimistic, Gabriel Mitchell, an expert in Israeli government and international affairs, writes in an opinion piece for Globes. Israeli Energy Minister Yuval Steinitz\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":648454,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/04\/mediterranean-gas-pipeline-could-be-ready-by-2025-egypt-not-included-in-plan\/","url_meta":{"origin":622060,"position":3},"title":"Mediterranean gas pipeline could be ready by 2025, Egypt not included in plan","author":"enterpriseam admin","date":"4 April 2017","format":false,"excerpt":"A Mediterranean gas pipeline carrying natural gas from Israel to Europe could be built by 2025, and it looks like Egypt is being cut out, Reuters reports. European and Israeli governments gave their support to moving forward with the agreement on a 2,000 km-long pipeline that aims to link gas\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":622763,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/11\/four-global-investment-firms-looking-to-finance-egypt-cyprus-usd-1-bn-gas-pipeline\/","url_meta":{"origin":622060,"position":4},"title":"Four global investment firms looking to finance Egypt, Cyprus\u2019 USD 1 bn gas pipeline","author":"enterpriseam admin","date":"11 October 2018","format":false,"excerpt":"** #6 Four global investment firms are looking to finance Egypt and Cyprus\u2019 USD 1 bn underwater gas pipeline, commercial affairs head at the Cypriot embassy in Israel, Sofronis Papageorgiou, tells Bloomberg. The four firms, whose names Papageorgiou declined to disclose, have requested a progress update from the Cypriot government\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":599992,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/16\/israel-egypt-in-early-talks-to-build-new-natgas-pipeline\/","url_meta":{"origin":622060,"position":5},"title":"Israel, Egypt in early talks to build new natgas pipeline","author":"enterpriseam admin","date":"16 January 2019","format":false,"excerpt":"Egypt and Israel are in early talks to build a new underwater natural gas pipeline, on which construction could begin as early as next year, Israeli Energy Minister Yuval Steinitz tells Bloomberg. The line would allow Israel to export more natgas into Egypt from its Leviathan and Tamar fields \u2014\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/1\/723.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/622060","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=622060"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/622060\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/622049"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=622060"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=622060"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=622060"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=622060"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=622060"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}