Greece, Cyprus and Israel on Thursday signed a deal to build a 1,900 km (1,180 m...
ATHENS - Greece, Cyprus and Israel on Thursday signed a deal to build a 1,900 km subsea pipeline to carry natural gas from the eastern Mediterranean’s rapidly developing gas fields to Europe.
European governments and Israel last year agreed to proceed with the so-called EastMed project, a $6 to $7 billion pipeline project that is expected initially to carry 10 billion cubic meters of gas per year from Israeli and Cypriot waters to the Greek island of Crete, on to the Greek mainland and into Europe’s gas network via Italy.
Turkish Foreign Ministry spokesman Hami Aksoy said any project that ignored the rights of Turkey and Turkish Cypriots over natural resources in the eastern Mediterranean would fail. “It ... supports a common aim for peace, security and stability in the particularly vulnerable region of the Eastern Mediterranean,” Anastasiades said.
Analysts say that pact could present a barrier to the proposed pipeline which would have to cross the planned Turkey-Libya economic zone.
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