2021-03-09 16:35:29 GMT2021-03-10 00:35:29(Beijing Time) Xinhua English
NICOSIA, March 9 (Xinhua) Israel and Cyprus on Tuesday reached an understanding over gas reserves straddling their maritime border in a development hailed as a breakthrough by Israeli Energy Minister Yuval Steinitz, the English newspaper Cyprus Mail reported in an online story.
Cyprus Minister of Energy Natasa Pilides said she and Steinitz, during his brief visit to Cyprus, had agreed upon a framework to resolve the issue, and guidelines would be passed on to the companies involved in the project, the newspaper said.
The agreement caps nine years of negotiations between the two sides on production sharing at a gas field, which straddles the marine Exclusive Economic Zones (EEZs) of Cyprus and Israel.
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Cyprus, Greece and Israel on Monday signed an initial agreement to build the world's longest and deepest underwater power cable that will traverse the Mediterranean seabed at a cost of about $900 million and link their electricity grids.
Cyprus, Greece, and Israel today signed an initial agreement to build the world s longest and deepest underwater power cable that will traverse the Mediterranean seabed at a cost of about $900 million.
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