Israel and Turkey have tentatively agreed to build an infrastructure corridor for shipping oil, natural gas and water from Turkey to Israel. The proposed 610-kilometer-long network of pipelines will run from the southern Mediterranean coast of Turkey to the Israeli port of Haifa. The estimated cost of the marine pipelines is more than $2 billion. Israel and Turkey are jointly conducting a technical and economic feasibility study for the project. In addition, Russian natural gas giant Gazprom is also conducting a study of its own. The gas pipeline would be an extension of the Blue Stream pipeline that already runs from Russia to Turkey. Israeli National Infrastructure Minister Benjamin Ben-Eliezer said that a decision on the corridor project was expected to be taken later this year.
Turkey and Israel Study $2-billion Infrastructure Corridor
February 26, 2007