Friday Jul 25, 2014 Search
Weather | Athens
32o C
23o 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)  
Lenders highlight Cypriot bad loans
More than 15 applicants for Cyprus Airways
Greece´s PPC OKs 180-mln-euro investment for wind projects
Optimism sees stock index climb over 1,200 pts
Civil servants who changed contracts to undergo checks
State inspectors are to begin checking the circumstances under which thousands of people working in the public sector had their fixed-term contracts switched to open-ended deals in the years...
Coalition hopes to avoid restoring armed forces wages in full
A meeting between Finance Minister Gikas Hardouvelis and representatives of the armed forces and emergency services, which was due to take place on Monday, has been called off as the governm...
Inside News
SOCCER
Ranieri says he has little to change in Greek national team
The Hellenic Football Federation (EPO) presented Claudio Ranieri as the new Greece coach for the next couple of years, after the Italian manager signed his contract in Athens on Friday. “I l...
SOCCER
Olympiakos downs AC Milan 3-0 in friendly
Greek champion Olympiakos defeated Italy's AC Milan 3-0 late on Thursday in a friendly match that launched the International Champions Cup in Canada and the US. The result, with goals from A...
Inside Sports
TALK
What lessons can we draw from antiquity?
Our theme is limits. And we are gathered here at this limit of Europe, close the to sea: the limitless, the boundless. And we face all sorts of limits. There are the limits of knowledge – fa...
COMMENTARY
Forty years of shortsighted party policies
It is 40 years since the restoration of democracy, and the two main parties which were established in 1974 and determined the country’s fate since then are unable to act their age. For decad...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Civil servants who changed contracts to undergo checks
2. Coalition hopes to avoid restoring armed forces wages in full
3. Lenders highlight Cypriot bad loans
4. More than 15 applicants for Cyprus Airways
5. Greece´s PPC OKs 180-mln-euro investment for wind projects
6. Italy adds to calls for FYROM name row to be solved
more news
Today
This Week
1. Greek coast guard picks up 77 migrants off Myconos
2. Draghi safety net becoming blindfold as bonds soar
3. Aegean Airlines resumes flights to Tel Aviv
4. Police report points to less crime in 2014
5. Thousands of dead fish surface in Lake Pamvotis
6. Godfather, 35, shot at Karditsa christening dies
Today
This Week
1. Greece seen in third bailout as bonds not enough, economists say
2. Climber dies in Mount Olympus fall
3. Greek sovereign debt at 174.1 percent of GDP in first quarter
4. Unequal after death
5. Greek banks able to tap investors after stress tests, HFSF Says
6. Hedge fund Dromeus turns Greek tragedy to triumph with 160 pct gain
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.