An intergovernmental agreement for the construction of the EastMed natural gas pipeline is set to be signed on Thursday evening in Athens between Greece, Cyprus and Israel.
The agreement will be signed by Greece’s Environment and Energy Minister Kostis Hadzidakis, Cyprus Energy Minister Yiorgos Lakkotrypis and their Israeli counterpart Yuval Steiniz, in the presence of Greek and Israeli Prime Ministers Kyriakos Mitsotakis and Benjamin Netanyahu and President Nicos Anastasiades, at the Zappeion Hall in Athens.
At 6pm local time a trilateral meeting between the three leaders will take place, following which the agreement will be signed. Anastasiades, Mitsotakis and Netanyahu will then hold a press conference.
Earlier a trilateral meeting between the three countries’ ministers will take place.
The project is being developed by IGI Poseidon SA, a joint venture of Greece’s state-owned supplier Depa SA and Edison SpA. Italian Prime Minister Giuseppe Conte is set to sign the agreement at a later date.
The East Med pipeline is actively supported both by the European Union and the United States, who believe that it can play an important role in Europe’s efforts to diversify its energy sources since it currently depends overwhelmingly on Russian resources.