Column: To be or not to be a gas hub
Gina Cohen, Gas Consultant, Eastern Mediterranean
Europe! Israel's cavalry, or East Med gas pipeline to be more precise, is coming to your rescue—or so our Ministry of Energy would like us to believe.
Minister of Energy Yuval Steinitz and the Director General of his Ministry Shaul Meridor have proudly and repeatedly stated these last few months that Israel will be constructing the longest and deepest submarine gas pipeline in the world, about 2,000 km from Israel to Italy. This is in order to sell Israeli gas to Europe, in what has become known as the East Med gas pipeline, due to be completed by 2025. They have been traveling around the world like peacocks flaunting their colors, whilst gas experts are highly skeptical. The two are peddling a concept which may fail before it even leaves the drawing board.
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