The intergovernmental agreement on the EastMed natural gas pipeline to be signed by Greece, Cyprus and Israel contains provisions on measures for the protection and security of the pipeline, sources said on Thursday.
The measures are included in article 10 of the intergovernmental agreement, which also deal with:
– The regulatory-licencing framework for facilitating the project and the common taxation framework that governs it
– The prospect of incorporating additional countries
– The prospect of transferring additional quantities of natural gas from existing or new reserves that may be found in the future.
It is noted that the preliminary technical study on the pipeline also foresees the transfer of quantities of natural gas from the reserves south of Crete, if any are discovered.