CYPRUS, GREECE AND ISRAEL TO SPEED UP EAST MEDITERRANEAN GAS PIPELINE EFFORTS

Sourced : Cyprus Mail

By Jean Christou

Cyprus, Greece and Israel said on Thursday they would speed up plans for the development of a pipeline channelling gas to Europe from newly discovered east Mediterranean reserves.

European governments and Israel agreed in April to move forward with a Mediterranean pipeline project to carry natural gas from Israel to Europe, setting a target date of 2025 for completion.

“We agreed to expedite our joint actions concerning our agreement on the construction of a large project which will offer new prospects of economic cooperation in the eastern Mediterranean,” Greek Prime Minister Alexis Tsipras told a news conference in Thessaloniki.

He was flanked by President Nicos Anastasiades and Israeli Prime Minister Benjamin Netanyahu following their trilateral summit.

The planned 2,000-km pipeline aims to link gas fields off the coasts of Israel and Cyprus with Greece and possibly Italy, at a cost of up to €6 billion.

Read more at :http://cyprus-mail.com/2017/06/15/cyprus-greece-israel-speed-pipeline-efforts/

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