Friday March 6, 2015 Search
Weather | Athens
20o C
11o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Three-way energy cooperation for Greece, Cyprus and Israel

Greece, Cyprus and Israel are getting ready to set up working groups to assess the possibility of the creation of a broad, three-way energy cooperation, following discussions in Nicosia between top govenment officials of the three countries last week.

The talks between Cypriot Minister of Commerce, Industry and Tourism Neoklis Sylikiotis, Greek Deputy Environment and Energy Minister Makis Papageorgiou and Israel’s Energy and Water Resources Minister Uzi Landau focused on the possibilities of cooperation, including their interconnection via an underwater electricity cable and the construction of a Mediterranean natural gas pipeline.

Athens and Nicosia will submit the proposals to the European Commission in a bid to secure subsidies from Brussels.

The pipeline would connect all three countries and augment the Southeastern European energy corridor. This would facilitate future exports of natural gas from the reserves of Israel and Cyprus destined for Greece either via the Mediterranean pipeline or in another manner.

According to Landau, Israel’s policy on natural gas exports has not been determined yet. It would require the government’s approval of the recommendations processed by the competent committee.

Nevertheless some progress has already been achieved on the issue of the underwater power cable: The Israel Electric Corporation and Greece’s Public Power Corporation are conducting research in order to establish whether its installation would constitute a significant project on a financial and energy policy level for Israel.

In a statement after the completion of talks in Nicosia, host minister Sylikiotis said negotiations also touched on the issue of cooperation between the three countries’ electricity companies – Electricity Authority of Cyprus, Israel Electric Corp and Public Power Corp – regarding the Euro-Asian interconnection of Greece, Cyprus and Israel via an underwater power cable.

In theory, the underwater cable will pass through Cyprus and Crete in order to reach continental Europe.

Israel is considered an “energy island,” which means that its electricity and natural gas networks are not connected to any of those of its neighboring countries, for political reasons. As a result, Tel Aviv is seeking to ensure its energy needs are covered through a system of major investments that will also secure its access to reserves.

ekathimerini.com , Monday November 12, 2012 (22:47)  
Jobless rate starts picking up again
Election lifted consumers’ mood
ECB decisions may prove to be a blessing in disguise
Market sees gov’t yielding after pressure
PM, FinMin in diplomatic push to sell measures
Prime Minister Alexis Tsipras and Finance Minister Yanis Varoufakis are launching a diplomatic offensive, with calls to several European counterparts, in a bid to lay the groundwork for anot...
Police seeking missing student to recall key witnesses
Police in Ioannina, northwestern Greece, are to conduct a new round of interviews with students at the city’s Dairy School and other acquaintances of missing student Vangelis Giakoumakis in ...
Inside News
SOCCER
Greece need to attack more, new coach Markarian says
Greece coach Sergio Markarian said Thursday he wanted Greece to play more attacking football against Hungary in a Euro 2016 qualifier on March 29 as his side strive to move off the bottom po...
SOCCER
Super League restarts, but behind closed doors
Deputy Minister for Sports Stavros Kontonis announced on Wednesday the resumption of the Super League this weekend after it was suspended last week following crowd trouble at the Athens derb...
Inside Sports
COMMENTARY
PISA, Schengen, mediocrity and isolation
Greece’s most serious problem is not the economic and political crisis, though it did contribute greatly to it. At the root of our evil lies our great isolation, not only from our partners i...
COMMENTARY
Greek-Turkish relations
There are other issues beyond those focusing on the economy that the government, formerly of the “Indignants” and currently adapting – willingly or unwillingly – to eurozone realities, is fa...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. PM, FinMin in diplomatic push to sell measures
2. Jobless rate starts picking up again
3. Police seeking missing student to recall key witnesses
4. Election lifted consumers’ mood
5. State will keep paying priests´ salaries, Greek gov´t says
6. ECB decisions may prove to be a blessing in disguise
more news
Today
This Week
1. Greek-Turkish relations
2. Greece seeks to plug its 'Bermuda Triangle' of lost taxes
3. Greece struggles to make debt math work amid bailout standoff
4. Greece has backup plan if March bailout cash fails to arrive, says Varoufakis
5. Government policy
6. Draghi details sought as ECB's QE plan poised to be fleshed out
Today
This Week
1. Greece to make international protest over Turkey reserving Aegean air space
2. The Greek tax drama
3. SYRIZA feeling the pain
4. Varoufakis to make six reform proposals at Monday's Eurogroup
5. The unlikely winners of Greece's surrender on euro
6. Tsipras reversal draws Greek sympathy as party rumblings rise
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.