Greece, Israel and Cyprus signed a deal in Athens, Thursday, January 2, to build an undersea pipeline that would carry gas from new offshore deposits in the southeastern Mediterranean to continental Europe.
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READ MORE: The 1,900-kilometer EastMed pipeline is intended to provide an alternative gas source for energy-hungry Europe, which is currently largely dependent on supplies from Russia and the Caucasus region.
The 1,900-kilometer EastMed pipeline is intended to provide an alternative gas source for energy-hungry Europe, which is currently largely dependent on supplies from Russia and the Caucasus region.
As now designed, the pipeline would run from Israel's Levantine Basin offshore gas reserves to Cyprus, Crete and the Greek mainland. An overland pipeline to northwestern Greece and another planned undersea pipeline would carry the gas to Italy. The project could also accommodate future gas finds in waters off Cyprus and Greece, where exploration is also under way.
The race to claim offshore energy deposits in the southern Mediterranean has created new tensions between Greece and Cyprus, on the one side, and historic rival Turkey. (AP)
