PressBee - Russia Today :
Cyprus, Greece and Israel have signed a deal to construct a natural gas pipeline between the eastern Mediterranean and Europe, drawing Turkey’s ire as it pursues a foothold in the energy-rich region.
The agreement, signed on Thursday, kicks off plans for a 1,900 km (1,180 mile) pipeline expected to carry some 10 billion cubic meters of gas into Europe yearly, set to be completed by 2025, after the parties to the deal agree on a final investment plan.
The Turkish Foreign Ministry wasted little time in protesting the agreement, issuing a harsh statement predicting doom for the $7 billion venture soon after the signing ceremony in Athens.
Greece, Israel & Cyprus ink EastMed gas pipeline deal over Turkish outcry