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יום שלישי 18.06.2019
מנהיגי ישראל, יוון וקפריסין יחתמו על מזכר הבנות לקידום צינור גז לאירופה
24/12/2018 13:41

A trilateral Greece-Cyprus-Israel summit will take place in Beersheba on December 20 where host Israel’s Prime Minister Benjamin Netanyahu, his Greek counterpart Alexis Tsipras, and Cyprus President Nicos Anastasiades are expected to boost cooperation between the three Mediterranean countries, especially energy.

 The three leaders are also expected to reconfirm their commitment to the EastMed gas pipeline, which is expected to transport gas from the newly discovered fields in the East Mediterranean region to Greece and onto Europe. “I am sure that the summit will reconfirm commitment to the project, but signature of an inter-governmental agreement to take it forward will be delayed until early 2019,” Natural Hydrocarbons Company CEO Charles Ellinas told New Europe on December 14. “This of course will not make the project any more viable commercially, but should move it into the next stage,” he said, adding that in his view, this is still a political project in need of commercial interest and participation, but cost make it highly challenging.

Meanwhile, US energy giant ExxonMobil’s drilling operations in Block 10 in Cyprus’s Exclusive Economic Zone (EEZ), where the Stena IceMAX drillship is stationed, has started drilling despite Turkey’s warnings. “ExxonMobil’s drilling is progressing well, as planned, without any problems encountered so far and despite Turkey’s warnings I do not expect that there will be any interference,” Ellinas said.

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