The construction of a $7B, 2,000 km underwater pipeline connecting Israel’s gas fields to Cyprus, Greece and Italy is expected to be approved later this year by the 3 countries, but will also require European Commission approval.
By EYTAN HALON
The first of four giant barges transporting the Leviathan natural gas platform to Israel departed the Gulf of Mexico last week, the companies leading the project announced on Sunday, ahead of its September installation approximately 10 kilometers from Israel’s coast.
Five operational structures, the 38,000 ton topsides of the Leviathan platform, will make the approximately 11,500 kilometer cross-Atlantic journey, with the remaining barges due to set sail from Texas in the coming weeks. Continue Reading »