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New pipeline to Europe will tap major Eastern Mediterranean Natural Gas Reserves. Competition for Russia, Qatar, Iran.

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(edited)

Great news for Chevron/Noble Energy eastern Mediterranean natural gas holdings. 

Great for Europe natural gas consumers.

The final investment decision expected 2022 with completion in early 2025.

Good news for Europe.  Already a buyer's market.  The new pipeline will increase competition for Europe's gas needs.  Further decreasing Europe's natural gas prices.  

https://www.bloomberg.com/news/articles/2020-07-19/israel-cabinet-approves-eastern-mediterranean-gas-pipeline-pact   

Edited by BLA

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