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Φανή Πεταλίδου
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΄Έτος Ίδρυσης 1977
ΑρχικήEnglishCyprus, Greece and Israel to Sign Pipeline Deal in Early January

Cyprus, Greece and Israel to Sign Pipeline Deal in Early January

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Three signatories united by opposition to Turkey’s pressure for a share in maritime resources after deal with UN-recognized Libyan government

By Haaretz

The leaders of Cyprus, Greece and Israel plan to sign an agreement early in the new year for the building of the eastern Mediterranean natural gas pipeline, the Greek prime minister’s office announced Sunday.

The agreement will be signed in Athens on January 2 by Greek Prime Minister Kyriakos Mitsotakis, Cypriot President Nikos Anastasiades and Israeli Prime Minister Benjamin Netanyahu.

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As now planned, the pipeline will run across the Mediterranean from Israel’s Levantine Basin offshore gas reserves to the Greek island of Crete and the Greek mainland, and then to Italy.

The deal will be finalized with Italy’s signature at a subsequent date, Mitsotakis’ office said. In May, Italian Prime Minister Giuseppe Conte had expressed opposition to the Poseidon project, which is the last section of the pipeline that would connect Greece with Italy.

Cyprus, Greece and Israel already signed an agreement on the 1,900-kilometer (1,180-mile) pipeline earlier this year in the presence of U.S. Secretary of State Mike Pompeo.

The EastMed pipeline is expected to satisfy about 10% of the European Union’s natural gas needs, decreasing energy dependence on Russia.

The EU has contributed to the cost of technical studies for the project.

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