Edison promotes, through the IGI Poseidon SA society (50% Edison, 50% Depa) the development of the EastMed-Poseidon gas pipeline.
The infrastructure will connect the gas resources located in the Eastern Mediterranean with the Italian and European final markets, in accordance with community (of) diversification energy policies of supply routes and sources.
The EastMed-Poseidon strategic value, developed in full syntony with the addresses and energetic plants of the various Countries involved, lies in the ensuring of the energy safety and satisfaction of the growing/increasing demand for gas imports.
The EastMed-Poseidon project represents for Italy a strategic asset since it constitutes a brand new supply route, able to grant the gas supply safety of companies and households.
The infrastructure, designed to yearly transport/carry 10-12 billion of cubic metres during a primary phase, consists of the Poseidon project - an offshore section of about 210 km, completely developed and ready for its realisation/creation - and of the EastMed project constituted by an offshore section of 1,350 km and an oneshore one of 550 km, which has accessed the detailed engineering phase.
By virtue of their energy safeness/energetic safety strategic importance, the EastMed and Poseidon projects are acknowledged by many/various years as Projects of Common Interest (PCI), the highest priority level at European level.
Over the years, this recognition enabled/made possible to benefit from different european funding, among which the latest CEF (Connecting Europe Facility) program.