Gas deliveries “Gazprom” to Europe have dropped significantly. The reduction was about 20%.
At the moment, due to the reduction of demand and the occupancy rate of storage cost of fuel also fell sharply. Russian companies is unprofitable to sell it. The EU authorities are considering alternative options for procurement.
The government of Israel agreed on with the European countries the construction of the pipeline EastMed. He will run under the Mediterranean sea. With the help of the pipeline will be transporting gas from Israel and Cyprus to Europe.
According to experts, the pipeline will carry 10 billion cubic meters of gas per year. The preparation of this project has been allocated €35 million and the construction will take about €6 billion.
