This Info Pack will delve into the EastMed pipeline’s background, the parties involved, its drawbacks, and the winners and losers of recent developments.
The EastMed pipeline agreement, a $7 billion project, is scheduled to be signed on January 2nd in Athens and has the potential to transform the future of the region. It promises to exploit the rich resources in the Eastern Mediterranean to the benefit of certain countries, and the counterproductive exclusion of others. The EastMed pipeline will be a costly and potentially unsustainable undertaking by project stakeholders. While its success remains possible, the myriad of risks faced means it could become another ambitious trans-European project that is ultimately dead in the water.
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