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.
Enjoy access to all articles and 25 years of archives, comment and gift articles. Become a member for as low as €1,75 per week.
Already a member? Login