NEWS - Press Releases

05/12/2017 14:50
Joint Statement of the Ministers of Energy of Cyprus, Greece and Israel and the Ambassador of Italy

We, the Ministers of the Republic of Cyprus, the Hellenic Republic and the State of Israel and the Ambassador of the Italian Republic to Cyprus, signed today 5 December 2017 in Nicosia, in the presence of the European Commission, a Memorandum of Understanding on cooperation in relation to the EastMed Pipeline Project.

The signing of this Memorandum of Understanding and the quadrilateral discussions held today, confirmed our intention to cooperate in enabling and enhancing the development and the implementation of the EastMed Pipeline Project, as a viable and strategic option and an infrastructure of special interest for gas producing States and the EU. The Project will secure a direct long-term export route from Israel and Cyprus to Greece, Italy and other European markets as an additional element of the Eastern Mediterranean Corridor, thereby strengthening EU’s security of supply, while promoting competition among gas suppliers.

We also expressed our willingness to cooperate in order to facilitate the necessary studies, the permitting, the construction and the operation of the project. In this respect, the Working Group consisting of the Directors General of our Energy Ministries, established by the Ministers at the Tel Aviv Ministerial Summit held on 3 April 2017, will continue to hold meetings, with the mandate to discuss, inter alia, the provisions of an Intergovernmental Agreement (IGA) between Cyprus, Greece, Israel and Italy with the objective of signing the IGA within 2018.

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