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Minister of Energy: The Great Sea Interconnector is a project of common interest

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    Υπουργς Ενργ&epsilon ;ισροιυρντοο nterconnector

    Referred to a project that presents “challenges”

    The electrical interconnection Cyprus-Greece -Israel Great Sea Interconnector is a “project of common interests” which with the development of technology is now possible, the Minister of Energy, Trade and Industry Giorgos Papanastasiou said on Friday, speaking at the same time about a project that presents “challenges”.

    From the floor of the Economist's 5th Eastern Mediterranean Business Summit, which took place in New York, Mr. Papanastasiou initially referred to the business opportunities in Cyprus and Greece andhe presented the competitive advantages of Cyprus as an international business center, as well as the investment opportunities created in areas such as information and communication technologies, shipping, renewable energy sources and biotechnology.

    “We believe that Cyprus is a reliable business center. It has remained stable over the years, it provides an environment where investors can feel comfortable, find services and contacts, they can find lawyers, the legal system is also very close to English law and it is trusted around the world,” said Mr. Papanastasiou.

    A discussion followed with the Greek Minister of Development, Kostas Skrekas, with Mr. Papanastasiou “congratulating Greece as a model of best practices for exiting the economic crisis”.

    The Minister of Energy presented the energy strategy of Cyprus to those present on maps and the initiatives the country is undertaking to create the Eastern Mediterranean Energy Corridor to Europe.

    “I will talk about the importance of &#8220 ;Great Sea Interconnector” which will connect Israel, Cyprus and Greece via Crete. Crete will be the “operational cable'', the connecting link with Attica in 2025. The distance between Cyprus and Crete is 879 km and the depth is up to 3,000 km. This is a project of common interests with challenges, which with the development of technology is now possible” said Mr. Papanastasiou.

    On the sidelines of the conference, George Papanastasiou met with the US Deputy Secretary of State for Energy, Jeffrey Pyatt, with whom they discussed, among other things, the progress of the “Great Sea Interconnector” electrical interconnection project between Greece-Cyprus-Israel, which will give Cyprus the opportunity to develop into a major energy hub of the Mediterranean.

    “I would like to talk to you about the importance of the Eastern Mediterranean region, mainly because this region can play a role in ensuring Europe's energy security,” said the US Deputy Secretary of State from the floor of the Summit and added that “he was very pleased to heard from MP Chris Pappas about the 3+1 scheme between Greece, Cyprus, Israel and the US”. himself” while he was Ambassador in Athens and the Biden Administration continued to strongly support it.

    He also said that Europe must find ways to become independent of Russian gas. “I have heard many promises about the exploitation of Cyprus' natural resources and now is the time to make it a reality. Among other countries in the region playing an important role, such as Greece, Egypt and Cyprus, it is Turkey that reinforces the US view that energy should be a path of cooperation rather than confrontation and conflict. I remember what happened in the summer of 2020 in Greece and the confrontation with Turkey's drilling activities. We don't want to see what happened with Turkey's drilling efforts again,” Mr Pyatt said.

    Greek-American congressman Chris Pappas participated in the Economist Summit with a taped message, who mentioned, among other things, that in Congress they continue to work to strengthen US cooperation with Greece, Cyprus and Israel. “All three of these countries are pillars of stability in the Eastern Mediterranean and have proven to be the strongest allies of the US,” he noted.

    Chris Pappas referred to Greece's role in NATO through Alexandroupolis, the diversification of sources energy of Europe “so that Putin cannot blackmail the Western alliance” and pointed out Cyprus' contribution to the humanitarian corridor to Gaza.

    In Cyprus, speaking at the Economist Summit, the leading military analyst and professor of the US Military Schools, Michael Rubin, emphasized that “occupied northern Cyprus is not just a diplomatic problem, but a sad growing threat that should not be accepted in the name of some pretentious diplomacy.”

    “Henry Kissinger is dead. Along with him are some of the moral compromises he made for Cyprus and they should also be put to rest. We must understand that it is not enough to just do the right thing. We must also stop making the mistake. We must recognize, almost 50 years later, that occupied northern Cyprus is not just a diplomatic problem. It's a security vacuum where money laundering activities, potential terrorists and other forces that oppose the liberal order find space,” added Michael Rubin, calling “what's happening in the Eastern Mediterranean extremely important” in terms of strengthening cooperation of Greece, Cyprus, Israel and Egypt under the support of the USA.

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    Source: cyprustimes.com

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