A proposed pipeline to deliver natural gas from deposits in the east Mediterranean to European markets is too expensive, not economically viable and will take too long to help countries seeking alternatives to Russian gas any time soon, a senior U.S. diplomat said Thursday.
U.S. Under Secretary of State Victoria Nuland said after talks with Cypriot President Nicos Anastasiades that countries in the region have understood that dependence on Russian oil and gas is “an extremely bad bet” following its invasion of Ukraine.
