On December 5, Greece, Cyprus, Italy and Israel signed a memorandum of understanding for constructing an underwater gas pipeline from the Eastern Mediterranean region to Greece and Italy, which will allow the transportation of newly discovered Cypriot and Israeli gas reserves to mainland Europe.

At an energy summit in Nicosia, Cyprus' Energy Minister Yiorgos Lakkotrypis and his Greek and Israeli counterparts Giorgos Stathakis and Yuval Steinitz as well Italian ambassador in Cyprus Andrea Cval...

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