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EU Keen to Tap into Israel's Gas Supply via Trans Adriatic Pipeline
(Platts) Neal Sandler - The European Union, which is trying to reduce its dependence on Russia for gas and diversify its supply sources, is eyeing Israel as a likely alternative and has proposed linking it to the Trans-Adriatic Pipeline, Israeli industry sources said Monday. Valeria Termini, vice president of the Council of European Energy Regulators, has held talks with senior Israeli Energy and Water Ministry officials on the proposal, the sources added. The proposal would enable Israel to join the European pipeline network, eliminating the need to build a costly LNG facility. An LNG terminal is estimated to cost between $7 billion to $10 billion while a pipeline to the European network can be built for $2 billion-$3 billion.