The EastMed project is expected to meet some 10-15 % of the EU's projected natural gas needs.
For the EastMed pipeline project, Israel, Greece, and Cyprus signed in early 2020 an agreement to build the infrastructure, aiming for a final investment decision in 2022 and for pipeline completion by 2025.
The Eastmed pipeline will be very long and run very deep in the Mediterranean, which will complicate construction that could take a decade, Nuland said after meeting with the President of Cyprus, Nicos Anastasiades, during a tour in Greece, Turkey, and Cyprus.
Anastasiades, for this part, said he had stressed in the meeting with Nuland «that Cyprus, along with liked-minded countries of our region, can make a substantive contribution to the effort to strengthen EU energy independence.»
Nuland, however, said about EastMed, as quoted by the Associated Press:
- And frankly, we don’t have 10 years, but in 10 years from now, we want to be far, far more green and far more diverse in energy sources.
- So what we’re looking for within the hydrocarbon context are options that can get us more gas, more oil for this short transition period