News Ticker

Leviathan gas in high ranks

gas-field

Today high-level contacts between Israel and European countries on laying a gas pipeline from the Leviathan natural gas reservoir are about to take place. Reportedly the Ministry of National Infrastructure, Energy, and Water Resources director general Shaul Meridor will travel to Brussels  on Monday 23/01 to meet his counterparts from Italy, Greece, Cyprus, and the European Commission officials. The meeting is arranged to prepare for a summit between the four countries’ energy ministers next month in Israel.

However the issue of its economic viability of the Leviathan has been debated for some time without any definite outcome. Gas experts express doubts about the project’s benefits: transporting gas over such distances would increase the price by $3-4 per heat unit. The same time such a projet fits into the energy diversificaiton policy of the EU, aiming at independence, or at least lesser dependence  from Russian gas imports.

 

Advertisements
About Europe correspondent (442 Articles)
journalist

1 Comment on Leviathan gas in high ranks

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: