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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. 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 Edison.
References
- 1 2 3 Gardiner, Joey (16 January 2015). "Interview: Stef Stefanou | Magazine Features". Building. Retrieved 6 October 2015.
- 1 2 Paul Chan; Rachel Cooper (29 September 2010). Constructing Futures: Industry leaders and futures thinking in construction. John Wiley & Sons. p. 193. ISBN 978-1-4443-2784-7 . Retrieved 6 October 2015.
- ↑ "News". Construction Manager. Retrieved 6 October 2015.
- ↑ "Ex loses bid for 'pot of gold' from tycoon Stelio Stefanou | Metro News". Metro.co.uk. 2 December 2010. Retrieved 6 October 2015.