Greece’s Prime Minister Alexis Tsipras has called the project “emblematic” of the cooperation between the three countries
"The key focus of Israel, Greece and Cyprus is to develop and build the Eastern Mediterranean underwater gas pipeline"
The goal is to sign an intergovernmental agreement on the project, so that the process can be completed as soon as possible
There is the hope that the Cypriot fields will prove to be as rich as the Zohr deposit in Egypt
The findings in the Cypriot block 6 bearing the name 'Calypso' confirm the existence of an oil system similar to the Egyprian Zohr deposit
Nicosia is preparing a preliminary agreement with Egypt, which foresees the extension of the existing pipeline network to the Egyptian LNG unit
The successful results of the pre-FEED studies have provided further impetus to the project's development
Italian energy company ENI is still considering its options for drilling, having blocks 3, 6 & 8 to choose from