BREAKING NEWS
This content is not available in your region

Israel, Greece and Cyprus sign deal for EastMed gas pipeline

Comments
euronews_icons_loading
Israel, Greece and Cyprus sign deal for EastMed gas pipeline
Copyright  Euronews
Text size Aa Aa

Greece, Cyprus and Israel have signed a deal for a pipeline designed to move gas from the eastern Mediterranean to Europe.

The EastMed line is intended to provide an alternative gas source for energy-hungry Europe.

The 2,000-kilometre pipeline will transfer up to 12 billion cubic metres a year from offshore gas reserves between Israel and Cyprus to Greece, and then onto other countries in southeast Europe. It's expected to provide around 10% of the EU's natural gas needs.

The move comes amid tensions with Turkey over its own activities in the area.

The discovery of hydrocarbon reserves in the eastern Mediterranean has sparked a scramble for the energy riches in the region.

Gabriel Mitchell, a policy fellow at the Mitvim Institute in Jerusalem, says the signing of the deal is no guarantee the construction of the pipeline will go ahead.

To watch the full story click on the player above.

Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.