ITALY SET TO COME ON BOARD WITH CYPRUS, GREECE, ISRAEL ON EASTMED PROJECT

 in-cyprus 21 August 2020 - by Annie Charalambous

After Cyprus, Greece and Israel, Italy is set to sign the EastMed project agreement which is expected to alter the landscape of gas resources and routes in the eastern Mediterranean.

This is what Philenews reported on Friday citing a report in Greek energy news portal “energypress” based on Israeli diplomatic sources.

“Italy is ready to take a final stand in favour of EastMed and to confirm commitment in the project by imminently signing the agreement on the construction of the underseas pipeline,” the report said.

“Senior officials of the Italian embassy in Tel Aviv said  that the heads of the project’s implementation body, namely IGI Poseidon and Edison, confirmed to the Israeli Minister of Energy that the signing of the EastMed construction agreement by Italy has now reached final political management,” it added.

EastMed project s expected to strengthen Cyprus’ strategic relationship with Greece, Israel and Italy while giving a concrete answer to Turkey’s provocative actions in the wider region.

The pipeline will transport gas from Israeli and Cypriot fields to Europe via Greece and Italy.