North Cyprus News | Online News for North Cyprus

South Cyprus, Israel and Greece sign MoU on energy and water

South Cyprus, Israel and Greece sign MoU on energy and water

August 09
12:16 2013

South Cyprus, Israel and Greece have signed a Memorandum of Understanding (MoU) on cooperation in the fields of energy and water.

Speaking after the signing of the MoU, South Cyprus Minister of Energy, Commerce, Industry and Tourism Yiorgos Lakkotrypis said “this is a monumental moment for the cooperation among the three countries”.

“The MoU is a framework which will determine the number of activities that the countries have agreed to jointly pursue, such as energy security supply, environmental concerns and a number of other issues which are common for us three”, he added.

Lakkotrypis further said that during their meeting they also discussed the potential project of interconnecting the three countries with an electric cable.

“We have reiterated our commitment to try to see and facilitate the project through, especially since it’s a project of common interest of the European Commission”, he pointed out, adding that “through this project we aim that we will lift Cyprus’ energy isolation, something which will help the country become more competitive by introducing cheaper electricity”.

Replying to a question about other future projects, Lakkotrypis said there were three projects of common interest, initially approved by the European Commission. According to the Greek Cypriot minister, the first is the connection of an electricity cable between the three countries, the second is the feasibility of a pipeline from the East Mediterranean to Europe via Greece and the third one is the gas storage pipeline that will enhance the strategic resources of South Cyprus, Israel and other European countries such as Greece.

 

Local Weather

Kyrenia, Cyprus
17°
17°
Fri
17°
Sat
16°
Sun
16°
Mon
Weather from OpenWeatherMap

Lira Exchange Rates

USD
USD
3.8062
EUR
EUR
4.6750
GBP
GBP
5.2945

Upcoming Events

  1. Exhibition of Turkish Cypriot Artists

    January 25 @ 9:00 am - February 23 @ 5:00 pm
  2. Whirling Dervish

    February 22
  3. Famagusta Market

    February 22
  4. Lemar Market

    February 22 @ 6:00 pm - 10:00 pm