Leaders of Greece, Cyprus, Israel hail geo-strategic cooperation

Prime Minister Alexis Tsipras has described the construction of the East Med gas pipeline as a project reflecting the significance of the geo-strategic cooperation between Greece, Israel and Cyprus.

Speaking at a joint press conference in Nicosia on Tuesday with his Israeli counterpart Benjamin Netanyahu and Cyprus President Nicos Anastasiades, Tsipras said "this project is not just about energy…it is a project of utmost geostrategic cooperation" between the three countries.

A deal for the pipeline's construction is expected to be signed in 2018.

The East Med 2,000 km pipeline, known as East Med, will be able to transfer between 9 to 12 billion cubic meters (bcm) annually from the off-shore gas reserves in the Levantine Basin (Cyprus and Israel) into Greece and, in conjunction with the Poseidon and IGB pipelines, into Italy and other South East European countries....