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.
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
PM Mitsotakis Outlines 2025 Goals for Growth and National Interests
"The government’s work will remain intense and multifaceted, so that day by day, something changes and the lives of all citizens become better," the prime minister stated
Tender for Repairs on Athens Olympic Stadium’s (OAKA) Iconic Roof
Tender for OAKA project, which is expected to exceed 78 million euros, stipulates that repairs, maintenance must be conducted while venue remains open for events
Louis-Dreyfus Family Eyes 21% Stake in Thessaloniki Port
The newly created Amsterdam-based LeonidsPort company has submitted a voluntary public offer for 21%
EUIPO Throws Out Turkaegean Trademark
The trademark had been filed by the Türkiye Tourism Promotion and Development Agency (TGA) in 2021 and immediately generated heated opposition by Athens
Economic Sentiment Indicator in Greece Drops Slightly in Dec.
The data revealed that the primary drivers of the slight drop were the industrial and retail trade sectors. Conversely, construction and consumer confidence improved.
Greece’s Trade Deficit Surges by 18.7% in Nov. 2024
For the first 11 months of 2024, the total value of imports reached 77.3793 billion euros, a 1.9% rise compared to 75.9482 billion euros in the same period of 2023.
Installing EV Chargers in Your Building is Harder than You Think
So, you just bought an EV in Greece and can’t wait to set up a charger in your apartment building’s parking space? Not so fast—there are a few hurdles you’ll need to clear first.
Greece Announces Grants to Unemployed for New SMEs
Unemployed individuals seeking 12-month grants to fund the creation of new SMEs can apply online until January 21.
Port of Piraeus Reports Record-breaking Year for Cruise Sector
First cruise ship of the season, Viking Saturn, greeted at Greece's largest, busiest port
Greek Energy Minister Skylakakis Announces Subsidies to Mitigate Electricity Prices
“When prices exceed a certain threshold, we intervene,” said Skylakakis
