Turkey offered to Israel to build gas pipeline

Turkey’s Turcas Holding has submitted a $2.5 billion offer to Israel for the construction of a 470-kilometer pipeline between Israel and Turkey.

Istanbul-based Turcas Holding has offered Israel, which has started to discover considerable amounts of natural gas in the eastern Mediterranean, to build a pipeline under the sea from Israel to Turkey’s southern province of Mersin. A member of the board, Mathew Bryza announced the offer worth $2.5 billion during an energy conference held in Greek Cyprus. 

Byrza, a former American diplomat, said the 470-kilometers-long pipeline would have a capacity to transfer 16 billion cubic meters of natural gas a year. He also stressed that if the political problems between Turkey and Israel affected the construction, all cost and responsibility would be assumed by Turcas. 

Adapted from Hürriyet Daily News