ECONOMY

Athens, Nicosia, Tel Aviv to discuss energy cooperation

The governments of Greece, Cyprus and Israel will begin discussions this month regarding the export of natural gas to Western European countries, Cypriot Commerce and Industry Minister Neoklis Sylikiotis announced on Thursday in Nicosia.

The Cypriot official told state RIK television that he has received a positive response to the invitation he sent to his Greek and Israeli counterparts for a meeting next month. Sylikiotis added that the meeting will also discuss the formation of a working group to examine the creation of common infrastructures for the interconnection of the three Eastern Mediterranean countries? electrical grids.

Nicosia is already expecting revenues of some 300 million euros next year from the signing of contracts with the consortiums to be chosen for the new hydrocarbon surveys in Cyprus?s Exclusive Economic Zone.

?This revenue will send a positive message about the Cypriot economy,? said Sylikiotis.