Greece, Cyprus, Israel to sign EastMed pipeline construction deal on January 2

Source : 112 Ukraine

This may be viewed as a way to diversify energy supply routes for EU member states; Italy is expected to join the agreement later
10:12, 23 December 2019

Leaders of Cyprus, Greece and Israel plan to sign the agreement on the construction of EastMed pipeline; the deal is to be signed on January 2. The office of Greek PM reported that as quoted by Associated Press. 

The document is to be signed in Athens; Greek Premier Kyriakos Mitsotakis, President of Cyprus Nikos Anastasiades and Israeli Prime Minister Benjamin Netanyahu will be the officials to put their signatures under it.

According to Mitsotakis's representative, the deal will be complete, when Italy joins in later.

The pipeline will be laid across the Mediterranean Sea, from Israeli sea shelves via Crete and mainland Greece to Italy. 

Related: Details of gas transit between Russia and Ukraine

EastMed is expected to satisfy 10 percent of the EU's current needs in gas, cutting its energy dependence from Russia. 

Previously, December 17, the U.S. Senate approved the defense budget, which foresaw sanctions against Nord Stream-2, which is being laid from Russia to Germany, across the bed of the Baltic Sea.

Related: Ukraine's $ 3 billion debt on Eurobonds not included in gas agreement with Russia, - Russia's Deputy PM

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