Friday April 18, 2014 Search
Weather | Athens
17o C
11o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Athens, Tel Aviv sign deal to deepen energy cooperation

By Vassilis Nedos

Greece and Israel signed a joint declaration last week that further enhances their cooperation in the energy sector and acts as a guide for the development of relations of wider geopolitical significance for the two Mediterranean countries. It also makes clear that the two sides with proceed with a series of actions for the joint extraction and exploitation of hydrocarbons.

The two states “will examine ways and means for the better development of natural resources in the Eastern Mediterranean and their transfer to the energy market,” reads the confidential agreement, which has been seen by Kathimerini. This phrase refers to plans for the construction of an underwater gas pipeline from Israel to Greece via Cyprus, bypassing Turkey.

Greek-Israeli cooperation stretches well beyond that pipeline, however. The declaration signed by Greek Energy Minister Yiannis Maniatis and his Israeli counterpart Silvan Shalom, provides for more cooperation in the fields of natural gas as well as of renewable energy sources in the context of international and European organizations. The Greek government has already included in the European Union-subsidized “Projects of Common Interest” program both the gas pipeline and an underwater electricity cable to run from Israel to Greece via Cyprus.

Tel Aviv intends to make Israel a strategic investor in Greece’s energy sector. The joint declaration says the two countries have agreed “to examine the possibility of joint research,” which concerns the common initiative by Israel’s Ratio Petroleum and Greece’s Energean Oil & Gas for surveys in the northern Aegean, as well as future surveys that may take place in the Ionian Sea and south of Crete, and in areas that have not yet been selected for utilization. Talks last week touched on the tenders for the 15 hydrocarbon blocks in the Ionian and south of Crete, which Athens intends to put to tender next year.

In the context of closer relations, the agreement also encourages city twinning, aimed at developing energy-saving technologies. The Greek side intends to absorb know-how, particularly for island regions dependent on the mainland for energy.

ekathimerini.com , Sunday October 13, 2013 (21:40)  
Eurobank share offering on April 25-29
PPC to issue corporate bond of 500 mln
Primary surplus continued by end-March
Eurobank eyes top Core Tier 1 level in Greece
Greek Christians mark rare Good Friday in north Cyprus
Hundreds of Greek Orthodox pilgrims, some coming home after 40 years of forced exile, commemorated the crucifixion of Jesus in a rare Good Friday service in northern Cyprus. Held in this med...
Greece offers to help find Turkish F-16 lost in 1996
Greece officially offered on Thursday to assist Turkey in its efforts to locate and salvage a Turkish Air Force fighter jet which crashed in the Aegean almost 20 years ago. Greek Defense Min...
Inside News
BASKETBALL
Greens lose badly as CSKA Moscow
Panathinaikos has a mountain to climb in order to reach the Final Four of the Euroleague after losing at CSKA Moscow on Friday for a second time in two days, only this time it was comprehens...
BASKETBALL
Former Red Bourousis wrecks Olympiakos´s hopes for a break
Olympiakos tried harder in Game 2 of the Euroleague play-offs in Spain, and Real Madrid was not as good on Thursday as in Game 1, but the Spaniards still emerged victorious on the night with...
Inside Sports
COMMENTARY
The placebo effect and the economy
Among the greatest mistakes made in the years of Greece’s hard landing is that citizens did not get the chance to sense that aside from austerity and pain the economic adjustment program als...
COMMENTARY
Ukraine is a crisis—but not a Cold War
Given Russia’s annexation of Crimea, the imposition of US and European sanctions, and the potential for more escalation in Ukraine, we are witnessing the most important geopolitical events s...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Greek Christians mark rare Good Friday in north Cyprus
2. Eurobank share offering on April 25-29
3. Greens lose badly as CSKA Moscow
4. Former Red Bourousis wrecks Olympiakos´s hopes for a break
5. PPC to issue corporate bond of 500 mln
6. Greece offers to help find Turkish F-16 lost in 1996
more news
Today
This Week
1. Greek Christians mark rare Good Friday in north Cyprus
2. Eurobank share offering on April 25-29
3. Greece startup leaders say they can’t break jobless cycle alone
4. Ground-breaking Good Friday mass signals thaw in Cyprus
5. Mayoral candidates clash over Athens mosque plans
6. Seven arrested over Toumba violence
Today
This Week
1. Bomb explodes outside Bank of Greece
2. Greece's market return mirrors return of tourists
3. Samaras sees no need for third bailout
4. CCTV footage from Nigrita Prison shows signs of inmate torture [Video]
5. Car bomb explodes outside Greek Central Bank building, no one hurt [Update]
6. Parties start announcing candidates for European Parliament elections
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.