Bloomberg: EU Urges Feasibility Study for Importing Israeli Natural Gas

The European Union signaled interest in a possible pipeline to import Israeli offshore natural gas via Cyprus and Greece, highlighting the EU’s efforts to reduce reliance on Russia.

Top EU officials said the Eastern Mediterranean initiative, which Israel, Greece and Cyprus are promoting, merits a feasibility study. The project could also tap gas discovered in neighboring Cypriot waters.

“This is an interesting project,” Deputy Industry Minister Claudio De Vincenti of Italy, which holds the 28-nation EU’s rotating presidency, told reporters today in Brussels after he chaired a European energy meeting. “It could play an important role in diversifying our resources.”
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