Greece, Israel and Cyprus sign the EastMed pipeline

[[MC]Ronin[MC]]

Greece, Israel and Cyprus sign the EastMed pipeline

The 1900 km pipeline aims to provide an alternative source of gas for Europe

 

 

Vatina has today signed an intergovernmental agreement to build the EasternMed Gas Pipeline (EastMed) between Greece, Israel and Cyprus. The signing ceremony was broadcast live on state-owned television, ERT.

In the presence of the Prime Ministers of Greece and Israel, Kiriakos Mitsotakis and Benjamin Netanyahu and the President of Cyprus, Nikos Anastasiadis, the document was signed by Greek Minister of Environment and Energy Kostis Hadzidakis, Israel's Minister of Energy and Energy, Yu. of Cyprus George Lakotripris. "

The procedure for concluding the agreement will end when it is also signed by Italy, but a date has not yet been set.

EastMed will be an underwater pipeline designed to carry gas from offshore fields in the southeastern Mediterranean to continental Europe. The 1900km pipeline aims to provide an alternative source of gas to Europe, which now relies mainly on supplies from Russia and the Caucasus. The pipeline is expected to last about seven years and cost about seven billion dollars.

Speaking after the signing, Mitsotakis said that, in addition to improving the geostrategic status of Greece and Cyprus in the Eastern Mediterranean, the project "will contribute to peace and stability in the region."

Highlighting Washington's support for tripartite energy cooperation in the region, the Greek prime minister said the construction of the EastMed pipeline "will enhance European energy security."

Mitsotakis stressed that the EastMed project "poses no threat to anyone". These words are widely seen as hinting at Turkey, whose exploration of natural gas in the Eastern Mediterranean has intensified tensions with neighboring countries.

"Regional co-operation is open to all on one condition: they respect international law and good neighborly relations," the Greek prime minister said.