Our (Viewers Corner News) correspondent in Athens reported that the leaders of Greece (Kyriakos Mitsotakis), Israel (Benjamin Netanyahu) and Cyprus (Nicos Anastasiades) met on Thursday, 2 January 2020 in Athens to sign Eastmed gas pipeline deal worth about $6 billion, a 1,900 km (1,180 mile) subsea pipeline that would carry natural gas from the eastern Mediterranean to Europe. The EastMed pipeline would provide an alternative gas source for Europe which is currently dependent on gas supplies from Russia and the Caucasus region. The gas pipeline which is expected to satisfy about 10 percent of the European Union’s natural gas needs would run from Israel’s Levantine Basin offshore gas reserves to Cyprus, Crete and the Greek mainland. Also an overland pipeline to northwestern Greece and another planned undersea pipeline would carry the gas to Italy. Turkey opposes the project, said there was no need to build the EastMed pipeline because the trans-Anatolian pipeline already existed. The Turkish government also stated that EastMed project cannot proceed without its consent.
Source: Viewers Corner News.