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

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

File: Greek Minister of Environment and Energy Kostas Hatzidakis, second left, shakes hands with Israel's Energy Minister Yuval Steinitz, right, as US Assistant Secretary of State for Energy Francis Fannon, second right, and Cyprus's Energy Minister Georgios Lakkotrypis , left, look on during a summit in Athens, August 7, 2019. (AP/Petros Giannakouris)

ATHENS, Greece — 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 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. (Read More)