is the company responsible for the design, construction and operation of the deepwater gas pipeline
from Algeria to Europe via Spain,
this being the first at a depth exceeding 2,000 metres in the Mediterranean Sea. MEDGAZ
will supply natural gas directly from Beni Saf on the Algerian
coast to Almeria in Andalusia at an initial capacity of 8 bcm per year.
is an international and multidisciplinary project that provides the most direct
and cost-effective way of supplying natural gas to Southern Europe .
The project has the support of the European Union which considers it as a "Project of Common Interest" and has granted 2 million euros
of financial aid during the study and design stage and an additional 1.4 million euros at the construction stage.
The operation of the MEDGAZ
pipeline will ensure a faster and more economic route to supply Southern Europe which will ultimately benefit the final consumer
and will positively contribute to the objectives set in the Kyoto Protocol by supplying a clean-burning fuel
which is natural gas.