Biden kills Israeli pipeline project, wastes golden opportunity to hobble oil exporter Russia
As tensions between Russia, Ukraine, the U.S. and NATO continue, it is affecting the Mediterranean world as well as Europe’s energy sector.
The U.S. is pulling its support for an Israeli underground natural gas pipeline that would run from the eastern Mediterranean to Europe. Many are predicting this will simply cause more problems in the region.
Moreover, this decision from the Biden administration undercuts Israel, one of America’s most steadfast allies.
The Trump administration supported the EastMed Pipeline, but the Biden administration has environmental and economic concerns about the project, Reuters reported.
The proposed pipeline would have given Europe an alternative to its heavy dependence on Russian gas. It would have conveyed about 10 billion cubic yards of Israeli and Cypriot natural gas to Europe via Greece and Italy each year, according to The Hill. – READ MORE
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