Connect with us

Hi, what are you looking for?

Jewish Business News

empty

Israel, Greece and Cyprus to explore gas pipeline to Europe

Netanyahu says trilateral meeting is a “microcosm” of a much wider phenomenon.

 

The leaders of Cyprus, Greece and Israel pledged on Thursday to strengthen the cooperation between the three countries in order to promote a trilateral partnership in emerging from newly found offshore gas reserves in order to bolster stability and security in a region wracked by conflict.

The talks in the Cypriot capital are the first tripartite summit between Cypriot President Nicos Anastasiades, Greek Prime Minister Alexis Tsipras and Israeli Prime Minister Benjamin Netanyahu.

“Our states share the same values as well as the conviction that in order to effectively counter multiple challenges confronting us on a local, regional and international level, we must work collectively, ” Anastasiades said in an announcment by mail.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at office@jewishbusinessnews.com.
Thank you.

“Our partnership is not exclusive in design or nature, ” he added, ” and we are ready to welcome other like-minded actors to join our efforts to promote coordination and cooperation, as well as regional peace and stability.”

Greece, Cyprus, and Israel decided to establish committee to consider different ways of exporting Israeli and Cypriot gas to Europe. One way under consideration is construction of a direct pipeline from the gas fields in Israeli and Cypriot waters to Greece, from where gas can be exported to the European Union

“We invite neighbouring countries to explore possible synergies which can be implemented by working collectively on a regional basis, ” the announcment said.

Netanyahu said the committee would also assess the possibility of an undersea cable to link their countries’ electricity grids.

Tsipras said Greece can act as a bridge for the transfer of east Mediterranean gas to the EU.

“These are momentous goals and by working together we can advance them more effectively than we can separately, ” Netanyahu said.

Discussions centred also on migration, combatting terrorism and boosting tourism. The countries also signed a co-operation agreement on managing water resources.

Tsipras said the leaders agreed that dealing with the largest migration of people since World War II means tackling the problem “at its root” — poverty and war.

Anastasiades said that additional financial support and economic development in war-torn areas would help alleviate the migration crisis.

The three leaders have agreed that the next trilateral Summit will be held in Israel in the second half of 2016.

Newsletter



Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Entertainment

The Movie The Professional is what made Natalie Portman a Lolita.

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.