EU welcomes EastMed gas pipe deal as ‘one option’ to strengthen energy security

The European Commission has said the EastMed natural gas pipeline deal signed by Cyprus, Greece and Israel yesterday (2 January) is a “welcome development” but insisted on exploring further the cost-benefits of the different options.

Analysts suggest that the signing of the EastMed deal in practice cancels the Turkey-Libya MoU. [EPA/YANNIS KOLESIDIS]

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