Egyptian President Abdel Fattah al-Sisi (L), Greek Prime Minister Alexis Tsipras (C) and Cypriot President Nicos Anastasiades (R) pose prior to a meeting in Athens, on December 9, 2015. AFP / LOUISA GOULIAMAKI
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Greece, Egypt and Cyprus agreed Wednesday to speed up talks to demarcate sea boundaries in the Eastern Mediterranean as part of efforts to turn the region into an offshore natural gas hub.Egyptian President Abdel-Fattah al-Sisi, Greek Prime Minister Alexis Tsipras and Cypriot President Nikos Anastasiades met in Athens to discuss how they could take advantage of gas reserves especially after Egypt this year discovered the biggest offshore gas field in the Mediterranean.However, independent experts say most of the gas found off Cyprus, Israel and Egypt will go for domestic consumption and question whether there is sufficient to make a pipeline to Europe viable.Cyprus, ethnically split between its Greek and Turkish Cypriot populations after a Turkish invasion in 1974, defined its economic zone in 2004 and since then its maritime boundaries with Egypt and Israel.
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