Greece, Israel, Cyprus eye gas exports in future
Energy Ministers from Greece, Israel and Cyprus say they will increase cooperation to exploit natural gas deposits in the Mediterranean, but warned that large-scale exports could take a decade.
Greece, whose economy has been ravaged by a financial crisis, hosted a meeting near Athens Wednesday. The country hopes to eventually start its own gas production and act as a transit point for Israel and Cyprus, but said it has no plans to abandon more advanced gas projects it is involved with in Azerbaijan and Russia.
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