Sunday December 21, 2014 Search
Weather | Athens
17o C
10o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Energy alliance with Israel, Cyprus

 Athens to sign cooperation memorandum, search for hydrocarbon quantities in the Aegean too

By Chryssa Liaggou

Greece, Cyprus and Israel will form a major energy alliance based on the prospects created for the three Eastern Mediterranean countries following the discovery of significant reserves of natural gas, Energy Minister Giorgos Papaconstantinou announced on Monday.

Speaking at a press conference following the major interest shown in the tender for seismic surveys in four locations around the country, he added that the three countries will sign a memorandum of cooperation in Athens at the end of this month.

Papaconstantinou associated the interest demonstrated by the world’s biggest companies in seismic research in the Ionian Sea and the sea to the south of Crete with the general increase in surveying activity in the Southeastern Mediterranean and estimated that the reserves discovered in Israel and Cyprus as well as those expected in Greece could be comparable with those of the Caspian Sea.

Those findings are leading to a geopolitical shift in the region and could constitute a “third way” for the end of Europe’s energy dependence on certain sources, the minister said, adding that in the most recent European Union Council of Ministers he and his Cypriot counterpart were asked to inform their peers of their countries’ plans for the utilization of hydrocarbon reserves in Greece and Cyprus.

In a clear message to the country’s neighbors, Papaconstantinou made it clear that the government is also determined to search for hydrocarbons in the Aegean Sea too, stressing that “Greece will search through all ways, all the potential reserves in all regions covered by its sovereign rights.”

The ministry’s next step will be the search for reserves in other regions of Greece, such as Evros in Thrace, Kavala, Serres, Thessaloniki and Grevena in Macedonia, Aetoloacarnania, Achaia and Messinia in western Greece and the island of Crete. The same “open-door” process will be used for the tender regarding seismic surveys in those regions, as in the four areas that generated interest by eight of the industry’s leading companies in the world last week.

ekathimerini.com , Monday March 5, 2012 (22:39)  
Workers rush to get early retirement
Piraeus Containter Terminal goes from strength to strength
Moscovici: Creditor inspections to become less frequent and ‘lighter’
Property capital gains tax halt
Greek PM offers compromise solution with elections by end-2015
Prime Minister Antonis Samaras on Sunday presented a compromise solution to end a political stalemate that looks likely to send Greece to early general elections in about a month's time. Spe...
Environment Ministry to reconsider controversial bill
The government over the weekend appeared to backpedal on proposed amendments widely seen as compromising legislation protecting Greek forests as well as Plaka, Athens’s old quarter. The bill...
Inside News
BASKETBALL
Explosive Barca unfazed by Panathinaikos, bomb scare
Panathinaikos lost 80-67 at home to Barcelona on Friday in a rather meaningless game at the end of the first group stage of the Euroleague, but the encounter will be remembered for the bomb ...
SOCCER
Abidal cuts short playing career at Olympiakos
Former France and Barcelona defender Eric Abidal announced his retirement from football on Friday, a day before his last match. Abidal said he will finish after playing for Olympiakos agains...
Inside Sports
INTERVIEW
‘Crisis of confidence will come back again and again,’ says Thomas Piketty
He’s treated like a rock star wherever he goes to lecture. His book “Capital in the 21st Century,” a study on income and wealth inequality from the 18th century to the present, recently tran...
COMMENTARY
Who lost Greece
If Greece collapses much will be said about where the fault lies. Sure, we all know the failings of Greek politicians. That said, much of the blame lies with outsiders who pushed Greece beyo...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Greek PM offers compromise solution with elections by end-2015
2. Environment Ministry to reconsider controversial bill
3. Corfu to host country’s first hydroplane strip
4. Political upheaval sharpens after bribe claims with threats and insinuations
5. Police gets new communications system
6. Most Greeks say they recycle daily
more news
Today
This Week
1. Greek PM offers compromise solution with elections by end-2015
2. Who lost Greece
3. Snubbing the moderates
4. ‘Crisis of confidence will come back again and again,’ says Thomas Piketty
5. Get your facts straight
6. The big picture
Today
This Week
1. Samaras summons bond vigilantes with euro exit talk
2. A friendly yet firm message from Pierre Moscovici
3. Europe's drama in Greece needs final act to avoid tragedy
4. High stakes
5. On the edge but not gutless
6. Gap between SYRIZA and New Democracy closing, says poll
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.