Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Greece, Cyprus and Israel set to sign EastMed pipeline deal

Greece, Cyprus and Israel set to sign EastMed pipeline deal
The leaders of Cyprus, Greece and Israel plan to sign an agreement in Athens, 2 January 2020, for the building of the Eastern Mediterranean natural gas pipeline.

The agreement will be signed by Greek Prime Minister, Kyriakos Mitsotakis, Cyprus President, Nicos Anastasiades and Israeli Prime Minister Benjamin Netanyahu.

As now planned, the 1,900 km pipeline will run across the Mediterranean, from Israel’s Levantine Basin offshore gas reserves, to the Greek island of Crete and the Greek mainland, and to Italy. The deal will be finalised with Italy’s signature at a subsequent date.

The EastMed pipeline is expected to satisfy about 10% of the European Union's natural gas needs decreasing energy dependence on Russia, and the EU has contributed to the cost of technical studies for the project.

TAGS: Europe