Egypt, Cyprus and Greece ink deal to assemble electrical energy interconnector

Greek Prime Minister Kyriakos Mitsotakis, Cyprus President Nicos Anastasiades and Egypt’s President Abdel Fattah el–Sisi met in Athens, Greece, on October 19 the place they pledged to spice up strategic cooperation, together with vitality.

“We welcomed the signing of the agreement for the establishment of a trilateral electricity interconnector between the grids of Egypt, Cyprus and Greece,” the leaders stated in a joint declaration following the ninth Trilateral Cooperation and Coordination Summit among the many three nations. “This project strengthens our economic cooperation and enhances the security of energy supply, not only of the countries involved, but also of Europe, as it will create a highway for the transmission of significant amounts of electricity to and from the Eastern Mediterranean. The Electricity Interconnector project, which connects the electricity grids of our countries, constitutes an important component of the strategy to accelerate the development of the Eastern Mediterranean Energy Corridor, providing an alternative source of energy supply from the region to the European Continent and vice versa,” the declaration learn.

Greece, Cyprus and Egypt expressed their want to proceed strengthening their cooperation, by way of a sequence of agreements, on the exploration and transportation of pure gasoline. “We remain convinced that the discovery of hydrocarbon reserves can serve as a catalyst for regional stability and prosperity. In this regard, we once again welcomed the adoption of the statute of the East Mediterranean Gas Forum (EMGF),” the leaders stated of their joint declaration. They famous that the institution of EMGF is predicated on the elemental precept of respect of the Members’ rights over their pure sources, in accordance with worldwide legislation. EMGF will assist the Members’ efforts in unlocking the complete gasoline useful resource potential within the area and monetizing their reserves in accordance with worldwide maritime legislation and specifically UNCLOS. “We reiterated that the EMGF as a regional organization based in Cairo is open to all countries that share the same values and objectives of the EMGF and willingness to cooperate for the security of the whole region and the welfare of its peoples,” Mitsotakis, Anastasiades and el-Sisi stated.

The three leaders underlined the significance of the respect of the sovereignty and sovereign rights of all states of their maritime zones in accordance with worldwide legislation, as mirrored within the UN Convention on the Law of the Sea (UNCLOS). “In this context, we condemned the illegal drilling and seismic operations by Turkish vessels in Cyprus EEZ/continental shelf, in maritime areas already delimited in accordance with international law. We also reiterated our condemnation of the continuous violations of Greek national airspace and territorial waters in the Aegean Sea and all other illegal activities in areas falling within Greece’s continental shelf, in contravention of international law. Hence, we called on Turkey to abstain, in a consistent and sincere manner, from provocations and unilateral actions in breach of international law, including from harassment of survey vessels duly licensed by Greece or Cyprus, thus helping to create conditions conducive to dialogue,” the three leaders stated, stressing that productive and result-oriented dialogue can’t be carried out in an aggressive surroundings or beneath the specter of using drive.

Mitsotakis, Anastasiades and el-Sisi additionally mentioned the Cyprus concern and reaffirmed their sturdy assist to a simply, complete and viable settlement in keeping with the related United Nations Security Council Resolutions that decision for a bizonal, bicommunal federation with a single sovereignty, a single worldwide persona and a single citizenship in addition to in accordance with the EU acquis, values and rules.