Eastern Mediterranean Gas Won’t Solve Europe’s Energy Dilemmas
The energy ministers of Israel, Cyprus, and Greece are talking up possible natural gas exports from their countries as a way of diversifying Europe’s energy supplies away from Russia. They have lobbied the European Commission to conduct a feasibility study for an undersea gas pipeline to bring Israeli and Cypriot gas to Europe via Greece. Silvan Shalom, energy minister in Israel’s outgoing government, said that such a pipeline would ensure that European consumers obtain the cheapest possible gas.
Sir Michael Leigh leads GMF’s project on energy in the Eastern Mediterranean. He is also a senior fellow with the Transatlantic Academy, an initiative of the German Marshall Fund of the United States in Washington, DC. This article draws on a letter from the author that appeared in the Financial Times on December 5, 2014