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On 8/03 the signing of a memorandum for EuroAsia Interconnector

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On 8/03 the signing of a memorandum for EuroAsia Interconnector

A date has been set for the signing of the memorandum of understanding between Israel, Cyprus and Greece regarding the EuroAsia Interconnector.

Specifically, the Ministry of Energy, Trade and Industry announced that next Monday, March 8, 2021, the Signing Ceremony of the Memorandum of Understanding between Cyprus, Greece and Israel for cooperation in relation to the European Project of Common Interest “EuroActoria” will take place at the Presidential Palace. The project concerns the electrical interconnection of Israel, Cyprus and Crete, through a submarine power cable and related infrastructure.

The Minister of Energy of Israel, Dr. Yuval Steinitz, will be in Cyprus for the signing ceremony, while the Minister of Environment and Energy, Mr. Costas Skrekas, will participate in the process online from Athens. The memorandum will be signed on behalf of Cyprus by the Minister of Energy, Trade and Industry Ms. Natasa Pileidou. According to the program of the ceremony, the three Ministers will address a greeting and then sign the Memorandum of Understanding.

Ms. Peleidou and Dr. Steinitz will also have the opportunity to discuss bilateral and regional energy issues.

On Tuesday, March 9, 2021, Ms. Peleidou and the Minister of Energy of Israel will travel to Cairo, Egypt, to participate in the first official Ministerial Meeting of the regional intergovernmental organization “East Mediterranean Gas Forum” (EMGF), after its ratification. Statute of the Forum. The ultimate goal of the EMGF is to create a sustainable gas market in the Eastern Mediterranean, reducing any technical, economic and political risks, bringing to the same table of structured and systematic dialogue both governments and other key stakeholders, such as oil and gas companies, investors and financial institutions.

Source: www.philenews.com

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