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EU states and Israel sign gas pipeline deal

Cyprus, Greece, Italy, and Israel have signed up to a gas pipeline that would reduce EU dependency on Russia.

The EastMed pipeline is to ship up to 16 billion cubic metres (bcm) of gas a year from the Levantine Basin near Israel and Cyprus to Greece and Italy from 2025.

That amounts to just 5 percent of EU annual consumption, but it would offset the 100 bcm a year that the EU buys from Russia.

It could also pave the way for further investments in the gas-rich Middle East.

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Author Bio

Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.

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Author Bio

Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.

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