Of Thanks to Floudopoulos
The new tripartite meeting of Greece, Cyprus and Israel is taking place in Jerusalem today, with the participation of the energy ministers of the three countries, K. Skrekas (Greece), Karine Eharrar (Israel) and N. Peleidou (Cyprus).
The interest with today’s meeting is focused on the fact that in addition to political participation, for the first time will be present representatives of companies participating in projects of common interest of the three countries in the Eastern Mediterranean.
Thus, from the Greek side, the ceos of DEPA K. Xifaras, IPTO M. Manousakis and Energean M. Riga participate in the mission for the first time, ie the three companies that have a direct interest and are involved in large investments of energy interest in the Eastern Mediterranean.
More specifically, DEPA’s participation is related to the project of the East Med submarine gas pipeline, which is planned to connect the gas fields of the Eastern Mediterranean with the markets of Southeastern Europe through Greece.
The interest for the project has been revived due to the geopolitical developments but also the decision of the EU. for detoxification from Russian gas. The aim of the tripartite meeting is to reaffirm the interest in the project and its viability.
IPTO’s participation, respectively, is related to the work of the Euroasia Interconnector, ie the electricity interconnection Israel, Cyprus, Crete – Attica.
The electricity connection is also considered an important energy infrastructure project, while according to information, the Israeli side has reportedly lifted the reservations it had previously expressed about the project. A high-level working group is expected to be set up by the three countries as part of the tripartite.
Finally, regarding Energean, according to information, the company has presented a plan for the construction of a Israel-Cyprus pipeline, for the transfer of natural gas from the Greek company’s deposits to the Israeli EEZ.
It is noted that the production of the Karis deposit is expected to start in the third quarter of the year, while at the same time other drilling is in progress in five different offshore blocks.
Source: Capital
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