ENERGY: EastMed pipeline “commercially viable”

The EastMed gas pipeline is commercially viable and technically feasible, according to a study presented in Brussels to the EU Directorate-General for Energy and the director generals of the Ministries of Energy of Cyprus, Greece, Israel and Italy.

 
The study, conducted by Edison, estimated the cost at $6 bln and said that the pipeline will transfer Cyprus and Israeli natural gas to a gas compression plant.
From there, the pipeline will head to Crete and on towards Peloponnese to end at the border with Italy and the IGI pipeline (Italy Greece Interconnector).
The Edison study shows the pipeline to be commercially viable and technically feasible, however, Cyprus wants to evaluate and further study it to confirm its conclusions.