in-cyprus Reports: Israel, Cyprus, Greece, Italy agree on EastMed pipeline

Reports: Israel, Cyprus, Greece, Italy agree on EastMed pipeline

Greece, Italy, and Cyprus have reached an agreement with Israel to lay a pipeline connecting the Jewish state’s gas reserves to the three countries, the Israeli media has reported.

The major project, estimated at costing over €6.2b, will supply gas from the eastern Mediterranean to Europe, as the continent seeks to diversify its energy supply.

According to Hadashot TV, the European Union agreed to invest $100 million in a feasibility study for the project before the agreement was reached over the laying of the longest and deepest underwater gas pipeline in the world.

As part of the agreement, Israel and Cyprus will be granted preference over other countries in exporting gas to the European market, according to the report.

The EastMed Pipeline Project is to start about 170 km off Cyprus’ southern coast and stretch for 2,200 km to reach Otranto, Italy, via Crete and the Greek mainland, it said.

The pipeline will have the capacity to carry up to 20 billion cubic metres of gas yearly. Europe’s gas import needs are projected to increase by 100 billion cubic metre annually by 2030.

Work on the project is expected to begin within a few months, and to conclude within five years, Hadashot TV reported.

Energy Minister Yuval Steinitz told Hadashot it could temper Arab influence in Europe.

Last December, Steinitz said a study on the project showed that the link is feasible, even though it presents technical challenges due to the depths involved and has an estimated cost of €6.2b.

 

Top Stories

 348 new cases through PCR tests, two deaths announced on Thursday

The Health Ministry announced the death of two persons due to COVID-19. Specifically, a woman 87 with underlying conditions who had been treated at...

OKYpY rejects claims about sexual abuse of patient

The State Health Service Organization (OKYpY) rejected two claims by a nurse of the Mental Health Services who claimed the incidents had taken place...

Bar Association says lawyers with COVID circulate in courts

The Nicosia Bar Association says that some lawyers, who have tested positive to COVID-19 circulate in court rooms. The Nicosia Bar Association noted that difficulties...

Governments approves Amended Action Plan for gradual resumption of flights

The Cabinet approved on Thursday the amended Action Plan for the gradual resumption of flights and the reopening of airports. The Plan, which will...

27-year-old Turk wanted for several offences (PHOTO)

Police are looking for information that could help locate OMER NACI KARAKAS, 27 from Turkey, who is being sought on the basis of an...

Taste

Squash soup

Ingredients: 1 kg pumpkin, cut into small cubes, approximately 5 cups 2 medium (400g) sweet potatoes, cut into cubes, approximately 2 ½ cups 1 chopped leek, only...

Mezedes

No visit to Cyprus is complete without enjoying the traditional meal of many small dishes known as ‘meze’. This large feast, which has been a...

Prawns with fried cheese, barley shaped pasta

Put the barley shaped pasta into a small pan with salted water, bring to a boil and when tender, drain. Peal the prawns leaving...

Salmon and shrimp sheftalies

Mix all ingredients for tabbouli in a bowl and keep to one side so flavours can combine. Prepare the sheftalies: wash and soak the casing...