The Minister of Environment and Energy, Costas Skrekas, participated in the Tripartite Meeting of the Ministers of Energy of Greece – Cyprus – Israel, which took place today, April 11, in Jerusalem.
Mr. Skrekas discussed with his counterparts from Israel and Cyprus, Karine Elharrar and Natasa Peleidou, the consequences of the international energy crisis which has escalated since the Russian invasion of Ukraine. The three Ministers also discussed the deepening of the tripartite strategic cooperation and the flagship projects promoted in the Eastern Mediterranean region, which will enhance energy security and contribute to the diversification of sources and routes of energy supply. Such as the EuroAsia Interconnector project for the Greece-Cyprus-Israel electricity interconnection and the EastMed gas pipeline.
The Tripartite Summit considered the possibility of transporting LNG by ships from the Eastern Mediterranean to European markets, utilizing the gas liquefaction facilities available in Egypt. The Ministers also agreed to investigate the construction of an LNG station in Cyprus for the optimal exploitation of the natural gas deposits of the Eastern Mediterranean.
After the Summit, Mr. Skrekas stated: “With my counterparts from Israel and Cyprus, we discussed ways to strengthen our strategic cooperation in energy, which has become even more important after the Russian invasion of Ukraine. The exploitation of the gas fields of Israel and the Eastern Mediterranean countries can make a decisive contribution to the diversification of energy sources and routes and to the decoupling of Europe from the import of Russian fossil fuels for fossil fuels. projects we are promoting in the region that will enhance supply adequacy and can lead to a gradual de-escalation of high energy costs, such as the Greece-Cyprus-Israel electricity interconnection, the EastMed gas pipeline and the possibility of transporting liquefied natural gas from the East to the Middle East. European markets, making use of facilities in Egypt and the construction of a new LNG station in Cyprus. “These projects will benefit our countries, the wider region and Europe, as they enhance energy security and our cooperation with our strategic partners, while promoting security, prosperity and stability in the wider region.”
Source: Capital
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