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About: EastMed pipeline     Goto   Sponge   NotDistinct   Permalink

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The Eastern Mediterranean pipeline or simply EastMed is a planned offshore/onshore natural gas pipeline, directly connecting East Mediterranean energy resources to mainland Greece via Cyprus and Crete. The project, currently in design, will transport natural gas from the off-shore gas reserves in the Levantine Basin into Greece, and in conjunction with the Poseidon and IGB pipelines into Italy and other European regions. The pipeline will have a length of approximately 1,900 km, reach depths of 3km, and have a capacity of 10 billion cubic meters per year. Construction of the pipeline is expected to cost approximately €6 billion (US$6.86 billion). The pipeline is being developed by IGI Poseidon S.A., a 50-50% joint venture between the Greek gas utility DEPA and the Italian gas utility Ediso