Philip Chrysopoulos
Greece will definitely benefit from the recent agreement with Israel and Cyprus for the construction of the East Med gas pipeline, according to a report in the German financial newspaper Handelsblatt.
The proposed pipeline will transport natural gas from the eastern Mediterranean to Europe. The cooperative agreement was recently signed by Greek Prime Minister Alexis Tsipras, Israeli Prime Minister Benjamin Netanyahu and Cypriot President Nikos Anastasiades.
Talks between the three nations on the issue began in 2015 and have progressed to a solid alliance, according to Handelsblatt. The three Mediterranean countries aim to intensify their cooperation and make it permanent with the establishment of a joint secretariat based in Cyprus.
The newspaper notes that the enormous reserves of natural gas believed to be under the eastern Mediterranean seabed could contribute substantially to the energy supply of the whole of Western Europe.
The proposed pipeline will transport natural gas from the eastern Mediterranean to Europe. The cooperative agreement was recently signed by Greek Prime Minister Alexis Tsipras, Israeli Prime Minister Benjamin Netanyahu and Cypriot President Nikos Anastasiades.
Talks between the three nations on the issue began in 2015 and have progressed to a solid alliance, according to Handelsblatt. The three Mediterranean countries aim to intensify their cooperation and make it permanent with the establishment of a joint secretariat based in Cyprus.
The newspaper notes that the enormous reserves of natural gas believed to be under the eastern Mediterranean seabed could contribute substantially to the energy supply of the whole of Western Europe.
