http://www.gasandoil.com/GOC/news/nte44584.htm
“Today, a new era of rapprochement and cooperation starts between out two peoples thanks to this project which will supply Italy with 10 % of its energy needs,” said Berlusconi
The project, started in 2003, has been built by Italian oil groups ENI and Agip in partnership with Libya’s state oil company NOC. It will carry some 10 bn cm (353 bn cf) of gas a year from Mellitah on Libya’s west coast to Gela in Sicily and then on into southern Europe.
Fuad al-Kreikshi, president of EN-Libya, said the total investment on what he called the longest gas pipeline under the Mediterranean amounted to $ 6.6 bn. According to ENI, it is also the world’s deepest underground gas pipeline passing east of Malta at a depth of 1,127 metres (3,700 feet). Revenues are projected at “$ 20 bn over 20 years”, Kreikshi said.
