If a positive decision is made, the pipeline, is expected to be put into operation by 2025
Eastmed pipeline
After the darkness of German operations against its economy Greece is now rebuilding its modest but intelligent power projection
The construction of East Med is an extremely complex project but all sides are determined to go ahead with it
Bulgaria and Greece signed a final investment decision on the inter-connector pipeline in 2015
The Strategic Dialogue is significant because it covers a wider range of topics as compared to other initiatives between governments
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