Ministers from Israel, Cyprus, Greece and the Ambassador of Italy, signed an agreement on Tuesday to supply European Union (EU) countries with natural gas from the eastern Mediterranean Sea.
Israel’s Energy Minister Yuval Steinitz was the Israeli representative at the meeting.
The Memorandum of Understanding confirmed the intention to cooperate in enabling and enhancing the development and the implementation of the EastMed Pipeline Project.
The project will involve a 1,300km pipeline on the Mediterranean seabed from the eastern Mediterranean to western Greece, where it will be connected to existing pipelines that allow for the natural gas to be delivered to Italy and other EU countries.
According to initial evaluations, 10 billion cubic meters of natural gas will be pumped through the pipeline every year.
Read the joint statement issued after the meeting here.
