Energy Minister Stathakis: EastMed pipeline presupposes EEZ delineation

The EastMed natural gas pipeline deal will “transform Greece into a very important hub of natural gas” in the East Mediterranean, Energy Minister Giorgos Stathakis told ANA in an interview on Tuesday.

The Minister made his comments after the quadrilateral meeting in Nicosia among Greece, Cyprus, Israel and Italy, where the ministers from the first three countries and Italy’s ambassador to Cyprus signed a memorandum of understanding to collaborate on the project. A committee of energy ministry officials from each country is working on the terms of the agreement that Stathakis said would be signed in Greece.

The pipeline will transport natural gas from the East Mediterranean fields to Europe through Cyprus, Crete, and the Peloponnese to Italy, connecting into other natural gas networks. It is partly financed by the European Union.

Asked to comment on the delineation of Greece’s Exclusive Economic Zone (EEZ) in relation to Cyprus and Egypt, Stathakis stressed, “The definitive and final delineation of the EEZs is required, and I think we will proceed shortly. The differences are minor in my opinion and surely we will be able to complete the demarcation very soon.”


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