Israel mulls gas pipeline projects to Turkey, Greece February 8, 2016 - 16:30 AMT PanARMENIAN.Net - Israel is looking to exploit its substantial natural gas reserves with two potential pipeline projects to Turkey and Greece, the Energy Minister announced, according to Times of Israel. “If things improve with Turkey… gas could both be sold to Turkey, and to Greece via Turkey,” Yuval Steinitz said. Israel and Turkey have reportedly been working on a rapprochement after falling out over the storming by Israeli commandos in 2010 of a Turkish flotilla to Gaza. Steinitz added: “If important reserves are discovered in Israel and Egypt, or even in Egypt, this could justify the construction of a long pipeline to Greece.” “At first we estimated that this would cost $15 billion, which is prohibitive. Now new estimates reduce this to around seven billion dollars,” he said. At a three-way summit in Nicosia last month, Prime Minister Benjamin Netanyahu said Israel, Greece and Cyprus would form a committee to study plans to build a pipeline between Israel and Cyprus and on to Greece. Israel has been trying to extract offshore gas since the discovery of the Tamar and Leviathan fields in 2009 and 2010.  Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads.   Partner news |  Latest news U.S. welcomes Armenia, Azerbaijan’s border delimitation announcement  Blinken said it is an important step towards concluding a durable and dignified peace agreement.Residents Of border villages protest as Armenia, Azerbaijan agree on delimitation Residents of several Armenian communities in the northeastern Tavush province began protests late on Friday.Up to 10% cashback from GetTransfer with IDBank cards IDBank clients who make their booking on GetTransfer will receive an exclusive cashback.Cyprus parliament honors Armenian genocide victims Acting House President Zacharias Koulias noted that April 24 marks the “black anniversary” of the Armenian genocide. |
