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Reuters
Reuters
Business

Erdogan says cost concerns force U.S. rethink on EastMed gas pipeline

FILE PHOTO: Greek Prime Minister Kyriakos Mitsotakis and Israeli Prime Minister Benjamin Netanyahu attend a joint news conference following the signing of a deal to build the EastMed subsea pipeline to carry natural gas from the eastern Mediterranean to Europe, at the Zappeion Hall in Athens, Greece, January 2, 2020. REUTERS/Alkis Konstantinidis/File Photo

The United States has pulled its support for a subsea pipeline that would supply natural gas from the eastern Mediterrean to Europe because it makes no economic sense, Turkish President Tayyip Erdogan was cited as saying on Tuesday.

Touted as an alternative to help ease Europe's dependence on Russian gas, the 1,900-km (1,180-mile) project would initially be expected to carry 10 billion cubic metres of gas a year. But it remains unclear whether the project will ever go ahead.

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