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18 October 2017
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EU Commission in favor of EastMed pipeline

13 July 17 - RE+D Magazine
EU Commission in favor of EastMed pipeline

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Antulio Richetta

Director IBI Group
The European Commission "strongly supports the EastMed pipeline and seeks to rapidly complete the entire study of the initial phase of the project",

 

Climate Action and Energy Commissioner Miguel Arias Cañete said on Thursday in reply to European Parliament Vice-President Dimitris Papadimoulis and noted that "a subsidy of up to two million euros has been granted for the preparatory studies."

The Commissioner underlined that "the Southeast Mediterranean region has significant quantities of natural gas to export based on the existing reserves, and there is a strong expectation that these stocks will substantially increase as research progresses."

"EastMed pipeline is an important option amongst the solutions available and a possible future channel for the export of gas to the EU," Cañete noted and added that the EU "is an attractive market for the Southeastern Mediterranean."

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