Sunday, December 22, 2019

Greece To Sign Agreement For Gas Pipeline Deal With Israelr


Greece says huge gas pipeline deal with Israel, Cyprus to be signed January 2



 The Greek government said Sunday that it will sign an agreement for a huge pipeline project with Cyprus and Israel next month that is designed to ship gas from the eastern Mediterranean to Europe.
The move comes amid tensions with Turkey over its own activities in the area and a contentious maritime deal with Libya, expanding Ankara’s claims over a large gas-rich area of the sea.
Greek Prime Minister Kyriakos Mitsotakis’s office said the agreement for the EastMed pipeline would be signed in Athens on January 2 with Israeli Prime Minister Benjamin Netanyahu and Cypriot President Nicos Anastasiades.
The 2,000-kilometer (1,200-mile) pipeline will be able to transfer between nine and 12 billion cubic meters a year from offshore gas reserves between Israel and Cyprus to Greece, and then on to Italy and other southeastern European countries.
The discovery of hydrocarbon reserves in the eastern Mediterranean has sparked a scramble for the energy riches and a dispute between Cyprus and Turkey, which has occupied the north of the Mediterranean island since 1974.
Turkey already faces European Union sanctions over ships searching for oil and gas off Cyprus, whose internationally recognized government in Nicosia is not recognized by Ankara.

The EastMed project is expected to make Cyprus, Greece. and Israel key links in Europe’s energy supply chain and aims to stymie Turkey’s effort to extend its control to the eastern Mediterranean.




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