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Greece, Israel, Cyprus Sign EastMed Gas Pipeline Deal
(Reuters) Angeliki Koutantou - The energy ministers of Greece, Cyprus and Israel on Thursday signed a deal in Athens to build a 1,900 km. (1,180 mile) subsea pipeline to carry natural gas from the eastern Mediterranean's rapidly developing gas fields to Europe. Although Turkey opposes the project, the countries aim to reach a final investment decision by 2022 and have the $6-7 billion pipeline completed by 2025 to help Europe diversify its energy resources. "If Turkey would be interested, the door is open," said Israel's Energy Minister Yuval Steinitz. "We are not against the Turks, but we are very much in favor of the EastMed gas pipeline project."