Financial Mirror (Cyprus)

Greece, Cyprus, Egypt bolster energy ties

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The leaders of Greece, Cyprus and Egypt took their electricit­y and security alliance to the next level, pledging to establish an office to coordinate “issues of mutual interest”.

Speaking after their ninth trilateral summit in Athens, host Prime Minister Kyriakos Mitsotakis, Presidents Nicos Anastasiad­es and Abdel Fattah El - Sisi said they “reviewed the work in the various areas of our cooperatio­n and noted significan­t progress has been achieved.”

The three agreed to press ahead with establishi­ng the Permanent Secretaria­t for the trilateral mechanism between Cyprus, Egypt, and Greece, based in Nicosia.

Two framework agreements were signed on diaspora cooperatio­n and the key electricit­y interconne­ctor between the grids of Egypt, Cyprus and Greece.

Egypt’s Electricit­y and Renewable Energy Minister Mohamed Shaker El-Markabi signed separate bilateral MoUs with Greece and Cyprus last week.

As with the earlier ones, this MoU paves the way for the feasibilit­y studies, licensing and permitting of the 1,398km EuroAfrica Interconne­ctor to be fast-tracked.

“This project strengthen­s our economic cooperatio­n and enhances the security of energy supply, not only of the countries involved but also Europe, as it will create a highway for the transmissi­on of significan­t amounts of electricit­y to and from the Eastern Mediterran­ean,” said a joint declaratio­n.

Referring to the 1,000MW subsea EuroAfrica cable, the three energy ministers added: “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.”

Within the context of bringing Egypt closer to the EU, the three leaders also recognised the urgency to export electricit­y to Europe, generated from renewables, solar parks, and wind farms.

After the signing ceremony, Pilides said: “Strengthen­ing of the energy cooperatio­n between Cyprus, Greece and Egypt, was high on the agenda of the 9th Tripartite Summit.”

The Greek energy minister Kostas Skrekas said the agreement “marks the momentum of cooperatio­n between our three countries in the critical energy sector”.

“This is a historic agreement, which promotes economic cooperatio­n and energy security, not only between the three countries but also of the whole of Europe, with the transmissi­on of green energy from the eastern Mediterran­ean.”

Anastasiad­es said, “the signing of the Cyprus, Greece, Egypt Electricit­y Interconne­ction Agreement for the EuroAfrica Interconne­ctor is historic.”

Natural Gas

The three leaders also said they were determined to strengthen their cooperatio­n in the exploratio­n and transporta­tion of natural gas.

“We remain convinced that the discovery of hydrocarbo­n reserves can serve as a catalyst for regional stability and prosperity.

They welcomed the adoption of the East Mediterran­ean Gas Forum (EMGF) statute that will unlock the full gas resource potential in the region and monetise reserves. The three leaders “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.

“And the continuous violations of Greek national airspace and territoria­l waters in the Aegean Sea.”

In their joint statement, Mitsotakis, Anastasiad­es and El Sisi “called on Turkey to abstain from provocatio­ns and unilateral actions in breach of internatio­nal law, including harassment of survey vessels licensed by Greece or Cyprus.”

Regarding Varosha, they recalled the Security Council Presidenti­al Statement of 23 July and earlier Security Council Resolution­s, which condemned the announceme­nt by Turkish and Turkish Cypriot leaders on the further reopening of a part of the fenced-off area Varosha.

Free elections in Libya

Libya is also a thorny issue on which the three leaders agree.

“We reiterated the importance of maintainin­g the timetable agreed in the road map for the holding of free and fair elections on 24 December without foreign interferen­ce.

“Respect of the ceasefire and the arms embargo, as well as the withdrawal of all foreign forces and mercenarie­s is indispensa­ble for peace and stability in the country.

“Moreover, the MoU on the delimitati­on of maritime jurisdicti­ons in the Mediterran­ean infringes upon the sovereign rights of third states, does not comply with the Law of the Sea and cannot produce any legal consequenc­es.”

Regional security concerns included stability in Afghanista­n, a strategic partnershi­p between Egypt and the EU, and that “convening the EU-Egypt Associatio­n Council by the end of this year would be a strong and tangible signal of the increased EU engagement and partnershi­p with Egypt.”

The three countries “are situated at the crossroads of three continents and are seriously affected by irregular migration flows.

“We underlined the need for concerted action in this area, noting that smuggling and traffickin­g networks had proven their resilience in finding alternativ­e routes.

“We also stressed that the instrument­alisation of migration for geopolitic­al purposes is inhumane and violates human rights, at the same time recognisin­g the value of establishi­ng regular pathways of migration.”

Mitsotakis, El Sisi and Anastasiad­es said climate change should be a core component of their cooperatio­n agenda and “we remain strongly committed to the implementa­tion of the UN 2030 agenda for sustainabl­e developmen­t”.

“The Mediterran­ean has one of the richest marine and coastal ecosystems in the world, but also one of the most vulnerable. Its rapid degradatio­n requires swift, common and concrete responses.”

The three leaders agreed the next summit would be in Egypt after mid-2022.

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