Displaying items by tag: eastmed pipeline

The US state Department sent a non-paper to the Greek government, with the formal recipient being the Secretary General of International Economic Relations and Extroversion of the Minister of Foreign Affairs Giannis Smyrlis. The non-paper was reportedly sent also to The Israeli government, however, not to the embassies of Greece, Cyrpus and Israel in Washington. Through the non-paper the US State Department has ‘ended' the EastMed project, Greek media have been reporting in the last two days.

Energean and the Public Gas Corporation of Greece (“DEPA”) have agreed to cooperate to further support the EastMed Pipeline Project. Ahead of the Intergovernmental Agreement on the EastMed Pipeline, to be signed later today by the Ministers of Cyprus, Greece and Israel responsible for Energy, Energean and DEPA have signed a Letter of Intent (“LoI”) for the potential sale and purchase of 2 BCM natural gas per annum from Energean’s gas fields offshore Israel, where Energean is investing $1.7 billion for the development of the Karish & Tanin fields through the FPSO “Energean Power”.

A trilateral intergovernmental agreement on the planning of the EastMed natural gas pipeline will be signed by Greece, Israel and Cyprus within 2017, the energy ministers of all three countries decided during a meeting held in Thessaloniki on Thursday.