By the end of the year, the governments of Italy, Greece, Cyprus and Israel are expected to sign a multilateral agreement to build the EastMed pipeline, which promises to bring a natural gas bonanza to Europe (Edison.it, accessed on March 4).
The EU aims to diversify gas imports away from Russia with the help of EastMed and TAP, in addition to other energy transit projects. In this respect, Italy’s support for the two gas pipelines could be a source of friction between Salvini and the Kremlin, whose relations are reportedly close. …
An excerpt from Oil Price