Cyprus, Greece and Israel signed a deal on Thursday to cooperate over energy and aiming at securing Europe's energy supply.
Cyprus
,
Greece
and
Israel
signed a deal on Thursday to cooperate over energy and aiming at securing
Europe
's
energy supply.
A memorandum of understanding was signed by Cypriot Energy Minister George
Lakkotrypis, his Greek counterpart Yannis Maniatis and
Israel
's
Silvan Shalom.
A statement said the three countries welcomed joint projects in the energy
sector to "enhance the security of energy supply, sustainable development
and cooperation among countries in the region."
It said they also supported the privately initiated EuroAsia Interconnector
project, which aims to link the three countries with an electricity cable.
"This project... could potentially allow for the export of electricity
generated in the eastern
Mediterranean
to
the EU energy market through the trans-European electricity networks," the
communique said.
Maniatis said the MoU was a "significant moment" for relations
between the three neighbors.
"Without doubt, developments in the energy sector and especially the
exploitation of hydrocarbons, as well as a... high-voltage submarine cable
linking
Asia
and
Europe
is an
important factor for stability in the eastern
Mediterranean
."
Natural gas has been discovered offshore
Israel
and
Cyprus
, and
studies are underway on building a liquefied natural gas plant in
Cyprus
.
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