Israel 'to Offer Gas Pipeline Project' to EU

Israel has made a proposal under which its gas will be transited to the EU through a new pipeline, Israeli media outlets say.

The idea includes a route going across the Mediterranean's seabed to reach Cyprus and then Greece and Italy.

Earlier in the 2010s Israel discovered significant gas deposits off its coast and has been pumping from the Tamar Deposit since 2013.

The above-mentioned deposit alone is thought to have b.5 trillion cubic meters of natural gas, with a much bigger deposit reportedly yet to become operational.

An Azerbaijan-based website later reported that Israel was to unveil within three weeks a gas pipeline project which would become the "killer" of the Southern Gas Corridor, envisaged to carry gas from Azerbaijan to Europe. 

The reports come against the background of Europe's commitment to diversifying gas deliveries to reduce dependence on Russia.