After nine years of discussions, Cyprus and Israel have reached what was described as a “breakthrough” agreement on guidelines for the basis on which the companies operating in the Aphrodite and Yishai gas fields will be able to start negotiations for commercial exploitation.
The EastMed pipeline could be in place in five years, Israeli Minister of National Infrastructure, Energy and Water Resources, Yuval Steinitz, has told the Cyprus News Agency (CNA), describing it as an extremely important project.
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