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Greece and Italy to sign an agreement on maritime boundaries

Greece and Italy to sign an agreement on maritime boundaries

Greece and Italy will sign an agreement on maritime zones during a visit to Athens on Tuesday by Italy's foreign minister, the Greek Ministry of Foreign Affairs announced.

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The deal follows months of tensions over natural resources in the East Mediterranean region. Turkey, Greece and Cyprus were caught in a complicated diplomatic standoff on the matter.

It is expected that Italian Foreign Minister Luigi Di Maio and his Greek counterpart Nikos Dendias will make a joint statement after their meeting.

The two ministers discussed ways to collaborate in the energy market in the eastern Mediterranean at a summit in Rome in February.

Italy and Greece are already partners in the EastMed gas pipeline project to transport 10 billion cubic meters of gas per year from offshore gas reserves in the eastern Mediterranean to Greece , Italy and other countries in south-eastern Europe.

Over several decades, Greece and Turkey have been at odds with issues that range from mineral rights in the Aegean Sea to ethnically divided Cyprus.

The agreement between the two countries comes months after an agreement on maritime borders between Turkey and the internationally recognized government based in Tripoli. The deal has angered Greece, which considers that the move infringes its own sovereign rights.

The deal follows months of tensions over natural resources in the East Mediterranean region. Turkey, Greece and Cyprus were caught in a complicated diplomatic standoff on the matter.

It is expected that Italian Foreign Minister Luigi Di Maio and his Greek counterpart Nikos Dendias will make a joint statement after their meeting.

The two ministers discussed ways to collaborate in the energy market in the eastern Mediterranean at a summit in Rome in February.

Italy and Greece are already partners in the EastMed gas pipeline project to transport 10 billion cubic meters of gas per year from offshore gas reserves in the eastern Mediterranean to Greece , Italy and other countries in south-eastern Europe.

Over several decades, Greece and Turkey have been at odds with issues that range from mineral rights in the Aegean Sea to ethnically divided Cyprus.

The agreement between the two countries comes months after an agreement on maritime borders between Turkey and the internationally recognized government based in Tripoli. The deal has angered Greece, which considers that the move infringes its own sovereign rights.

Maritime Business World 

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