Israeli pipeline could boost Europe-Asia crude supply options
EAPC is now shifting focus to connect crude cargoes from Black Sea ports, the Caspian Sea and “shortly” from the US Gulf to key Asian buyers, it told S&P Global Platts in an interview. The pipeline can pump crude in both directions and EAPC has nearly doubled its storage capacity to support moves to expand crude flows.
The geopolitical risks in the Persian Gulf region only increase the attractiveness of the EAPC system.
S&P Global Platts – 08 Dec, 2019