Sun, 27 Sep 2020

NICOSIA, May 28 (Xinhua) -- Cyprus' Council of Ministers has ratified the agreement on EastMed pipeline project, Minister of Energy, Commerce, Industry and Tourism Yiorgos Lakkotrypis said on Thursday.

The agreement will go before the Cypriot parliament for approval, the minister added.

The agreement, signed in January by Greece, Israel and Cyprus, involves a 1,900-km natural gas pipeline to convey the gas reserves of Israel and Cyprus in the eastern Mediterranean to European countries.

The project is also supported by Italy, but the country's government has not yet signed the agreement, as it faces strong opposition by environmental organizations and the residents of the area where the pipeline will pass through.

Lakkotrypis said the agreement includes provisions allowing Italy to sign whenever it is ready.

Provisional estimates put the cost of the project at between 5 billion and 7 billion euros. (1 euro = 1.11 U.S. dollars)

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