Israel pledged its support to its European allies in their quest for energy security and independence through Energy Minister Karin Elharar during yesterday’s ministerial meeting with Costas Skrekas and Cypriot Minister Natasa Peleidou.
This was noted by Ms. Elharar in her statements promising gas exports from the fields of the Israeli EEZ to European markets.
As can be seen from the statements of the Minister of Environment and Energy Costas Skrekas, the three countries agreed on the export of Israeli gas from a liquefaction plant in Cyprus in order to transport its quantities by ships to Europe and from the major LNG terminals in Egypt. The last country to be noted imports quantities of gas from Israel through a pipeline.
Energean’s proposal
According to information, the Greek minister during yesterday’s tripartite meeting supported Energean’s proposal for the installation of a floating gas liquefaction tank (FLNG) in Cyprus.
The ship named Hilli belongs to Golar LNG, a member company of Vitol and is based in Cameroon. It will be available from the summer of 2026. The gas to be liquefied and extracted will come from Energean deposits in the Israeli EEZ. The Greek company is already making its first drilling in the Athena target and their quantities will reach the FLNG by pipeline.
However, Energean, according to information, has the ability to export gas to meet the needs of Cyprus from 2024 with quantities from the concession “Northern Caris”, which will enter production from the second half of 2023.
EastMed and cable connection
The three ministers reportedly reaffirmed their support for the EastMed pipeline during the tripartite meeting. In fact, they agreed on the need to adapt it so that it can carry hydrogen and in this way the pipeline has a longer lifespan and viability.
Progress has also been made on the EuroAsia Interconnector electrical interconnection with Israel now declaring its enthusiasm for the development of the Israel-Cyprus-Greece cable.
Latest 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.