A MOU to build Israel-Europe gas pipeline was signed on Tuesday

07/12/2017 15:30 Natural Gas


A memorandum of understanding for the construction of a gas pipeline to convey natural gas from Israel to Europe was signed on Tuesday in Greek-administrated Cyprus. 

When the gas pipeline will be finished, it might be the world’s longest one.

The pipeline is likely to link Israel's Leviathan gas field through the Aphrodite gas area in Greek governed Southern Cyprus via the waters of Crete, Greece and Italy.

According to Israel's Ministry of National Infrastructures, Energy and Water Resources, the gas pipeline, with a length of 2,000 kilometers, will be able to transport approximately 16 billion cubic meters of gas every year, and it will be finalized in 2025.

The cost of natural gas pipeline might attain $6 billion.

Daily (05.12.2019): Oil prices skyrocketed about 4% on Wednesday ahead of the OPEC meeting

05/12/2019 10:41:00

Crude oil prices skyrocketed on Wednesday, buoyed by hopes of deeper production cuts from OPEC and its allies and following a larger-than-expected drop in U.S. stockpiles. Brent crude soared by 3.6% to settle at $63 a barrel. WTI crude gained 4.2%, closing at $58.43 a barrel. It was its third straight day of gains, and its best day since September.


France's EDF extends Cruas 2 nuclear reactor outage to Saturday

05/12/2019 09:13:00

French utility EDF on Wednesday extended the outage at its 900 MW Cruas 2 nuclear reactor by two days until Saturday, adding that resumption of power generation could be delayed by ongoing safety checks following an earthquake.


Total to supply LNG fuel to CMA CGM vessels for 10 years

05/12/2019 09:09:00

French energy major Total and compatriot shipping company CMA CGM have signed an agreement for the supply of approximately 270,000 tonnes of LNG per year over ten years.