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Eastmed pipeline

While the construction of the EastMed pipeline remains a key goal of the Israeli-Greek-Cypriot cooperation during the COVID-19 period, economic adjustments will have to be made. The US has yet to actively support the project, making its implementation difficult. In the interim, the three countries can expand their cooperation by concentrating on other areas such as the fight against the virus, the relaunching of their economies, the battle against antisemitism, and synergies in the defense sector and cybersecurity.
The EastMed pipeline, a proposed means of transporting gas from the eastern Mediterranean to new markets, would be expensive and difficult โ€“ but it is feasible. Easier and less expensive solutions are also being considered, but the security element works in EastMedโ€™s favor. EastMed would allow Cyprus, Greece, and Israel to collaborate while developing their roles as hubs of stability in a turbulent neighborhood. The EU and the US would likely see improvement in Western energy dependence. And Israel would have the opportunity to improve its relationship with the EU, not only by participating in a project of European interest but also by finding new clients for its own gas in the European market.

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