Greece, Egypt, Cyprus Sign Energy Deal Considering Europe

Greece, Cyprus and Egypt on Tuesday (19/10) signed an electric energy agreement that includes Egyptian solar energy and potentially supplies the whole of Europe, at a time when the continent is facing an energy crisis.

The protocol was signed at a meeting between Greek Prime Minister Kyriakos Mitsotakis and Egyptian President Abdel Fattah al-Sisi and Cyprus President Nicos Anastasiades in Athens.

The deal deals with “interconnection” between the neighboring countries and the transfer of electricity to their respective grids, Mitsotakis said.

“While energy sources are diversifying, Egypt can become a supplier of electrical energy, which will be generated from solar energy, and Greece will become a distribution station for the European region,” Mitsotakis further added.

The announcement comes as countries around the world are facing an energy crisis, with prices of natural gas, oil and coal rising.

Sisi said the agreement was aimed at “strengthening energy cooperation”.

In a joint statement, the countries in the Mediterranean said: “This interconnection strengthens cooperation and energy security, not only between the three countries but also with Europe.”

“This will be a way to transfer large amounts of electrical energy to and from the eastern Mediterranean,” the statement said.

The three countries also stated their intention to explore and transfer natural gas in the region.

Energy cooperation between the eastern Mediterranean countries has angered Turkey, which is targeting oil and natural gas reserves in the region.

“Unfortunately, Ankara does not understand the conditions of the times and its aspirations that harming its neighbors are a clear threat to peace in the region,” Mitsotakis explained.

Tensions rose last year when Turkey sent an exploration vessel and a naval fleet to conduct research in waters that Greece considers its territory under several treaties. [mg/jm]

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