The effects of the international energy crisis, which has escalated since the Russian invasion of Ukraine, were discussed by the Minister of Environment and Energy, Costas Skrekas, during the tripartite meeting between Greece, Cyprus and Israel with his counterparts Natasa Peleidou and Karine Elharrar.
The meeting also focused on the deepening of the tripartite strategic cooperation and the emblematic projects promoted in the Eastern Mediterranean region, which will enhance energy security and contribute to the diversification of energy sources and supply routes, 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 fields 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. which feeds the worst energy crisis in decades. The exploitation of the natural 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 independence of Europe from the imports of Russian fossil fuels. We talked about the flagship projects we are promoting in the region which will enhance the adequacy of supply 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 Eastern Mediterranean to European markets, with the utilization of the Egyptian facilities 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.”
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Vardis Vardinogiannis: ‘On a Ship’s Bridge You Always Look Forward’
Ten milestones in the half century since the creation of Motor Oil Group, as described by Vardis Vardinogiannis, who passed away on Tuesday at the age of 91
DBRS Says Greek Banks ‘Shielded’ from ECB Rate Cuts
The agency explains that fund disbursements through the banking sector will help offset pressures anticipated on interest margins beginning in 2025, due to expected rate cuts by the European Central Bank (ECB).
Meta Cuts Facebook and Instagram Subscription Fees by 40%
The social media giant also revealed that it will continue to offer free access to Facebook and Instagram for EU users, provided they agree to see ads based on a limited set of user data.
Skyrocketing Use of Debit, Credit Cards
The total value of the transactions conducted with debit and credit cards in the country in the first half of 2024 rose 2% on the corresponding period of 2023
JP Morgan Revised Greece Outlook to ‘Overweight’
The investment bank notes that Greece is showing the strongest GDP growth in the Eurozone. Additionally, efforts to clear up bank balance sheets are anticipated to yield increased capital returns.
Vardis I. Vardinogiannis, Greek Tycoon and Shipping Magnate, Dies at 91
In 1990, Vardinogiannis was targeted in an attack which involved three rockets fired at his vehicle by the terrorist organization 17 November.
Kudos for Greek Sheep’s Milk Cheeses
Graviera is the Greek version of the Swiss gruyère, and is generally considered the second most popular cheese made in the country after feta
EIB Survey: Greeks Rank Climate Change as Top Concern After Cost of Living
Specifically, 98% of the Greeks surveyed stated that the country must to adapt to climate change, with 60% saying that priority should be given to these adjustment measures
Trump Tells Putin not to Escalate Ukraine War during Phone Convo
Meanwhile, President Joe Biden, is preparing to lobby Trump against abandoning U.S. support for Kyiv
Former Thessaloniki Mayor Yiannis Boutaris Dies at 82
Boutaris entered politics in 2010, serving as the 60th mayor of Thessaloniki for two consecutive terms until 2019, becoming a transformative figure with his progressive policies.
