EuroAsia cable, EastMed gas at top of tri­lat­eral sum­mit

Financial Mirror (Cyprus) - - FRONT PAGE -

The pres­i­dent and prime min­is­ters of Cyprus, Is­rael and Greece, meet­ing for their fourth an­nual tri­lat­eral lead­ers’ sum­mit in Ni­cosia, have re­it­er­ated their com­mit­ment to three en­ergy-re­lated in­fra­struc­ture projects.

The 1518km 2000MW EuroAsi­aIn­ter­con­nec­tor sub­sea elec­tric­ity cable “is well un­der­way”, the three lead­ers said, adding that they have agreed to pro­ceed with a par­al­lel project, a 160Tbps In­ter­net cable that will link the eastern Mediter­ranean to Spain and then to the US, and fi­nally signed a mem­o­ran­dum for the East-Med nat­u­ral gas pipe­line that will take ex­ports from the off­shore gas­fields via Greece to Italy.

In state­ments af­ter the meet­ing, dubbed “Build­ing bridges be­tween peo­ple”, the three lead­ers also dis­cussed the Cyprus prob­lem, the Mid­dle East peace process and the sit­u­a­tion in Syria.

Host Pres­i­dent Ni­cos Anas­tasi­ades said that the three coun­tries have man­aged to cre­ate a cred­i­ble frame­work of co­op­er­a­tion which is based on sta­ble demo­cratic prin­ci­ples and val­ues and noted that they agreed to jointly move for­ward with the im­ple­men­ta­tion of new projects and pro­grammes, in­clud­ing in the ar­eas of in­ter­con­nec­tiv­ity and com­mu­ni­ca­tions, in­no­va­tion, health, en­ergy, en­trepreneur­ship, re­search and tech­nol­ogy, en­vi­ron­men­tal pro­tec­tion, dig­i­tal diplo­macy, de­fense and com­bat­ing ter­ror­ism.

Re­fer­ring to the EuroAsia In­ter­con­nec­tor, he said that “we re­con­firmed our com­mit­ment in the next steps for­ward” and recog­nised its ben­e­fit in up­grad­ing our coun­tries’ role in this area.

At the same time, he ex­pressed his sat­is­fac­tion on the pro­posed con­nec­tion of the three coun­tries through the fi­bre-op­tic cable within the con­text of the elec­tric­ity in­ter­con­nec­tor cable project.

Ben­jamin Ne­tanyahu spoke of al­liance the three coun­tries are not­ing that “the sky is the limit.”

“I find these meet­ings not merely pro­duc­tive but also very en­cour­ag­ing,” he said, adding “I know that we can do it bet­ter to­gether and in fact we are do­ing ex­actly that.”

Re­fer­ring Ne­tanyahu

to said the “it

EastMed is a very a great build­ing pipe­line se­ri­ous en­deav­our,” point­ing out that not only is it im­por­tant for the three coun­tries and Italy but also “for Europe that wants to di­ver­sify its en­ergy sources.”

He also re­ferred to In­ter­con­nec­tor elec­tric­ity “in­for­ma­tion pipe­line” that through fiber-op­tics.

Greek Prime Min­is­ter Alexis Tsipras spoke about the “strate­gic co­op­er­a­tion” among the three coun­tries, adding that there is a com­mon un­der­stand­ing on the need to deepen this co­op­er­a­tion, as well as on the need to find ways for a se­cure trans­porta­tion of en­ergy re­sources from the south­east­ern the Euro Asia cable and the will be cre­ated Mediter­ranean to Europe.

The main topic of to­day’s meet­ing was the EastMed pipe­line, Tsipras went on, adding that they also talked about the sub­ma­rine elec­tric­ity cable “EuroAsia In­ter­con­nec­tor” and the project to in­stal fi­bre-op­tics for telecom­mu­ni­ca­tions.

This is a “top in­ter­con­nec­tiv­ity project be­tween the three coun­tries” as well as for the broader re­gion and for Europe, the Greek Prime Min­is­ter un­der­lined.

Ne­tanyahu an­nounced that the next sum­mit would take place in Beer­sheba, the Hi-Tek cap­i­tal of Is­rael in the Negev desert.

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