Egypt, Greece, Cyprus Sign Energy Sharing Agreement

Egypt, Greece, and Cyprus signed an agreement on Oct. 19 that would link Egypt to the European Union’s energy market with an undersea cable across the Mediterranean.

Presidents Abdel Fattah El-Sisi of Egypt and Nicos Anastasiades of Cyprus signed the deal during a trilateral summit with Greek Prime Minister Kyriakos Mitsotakis in Athens.

Mitsotakis explained that Egypt will supply solar-powered energy to the European Union, with Greece as the region’s distribution station. The agreement came as countries in Europe and across the world face energy crises.

“This interconnection reinforces cooperation and energy security, not only between these three countries but also with Europe,” the countries said.

The Mediterranean neighbors also mentioned plans to explore natural gas in the region — a move that has stirred existing tensions between the three countries and Turkey, who is also eyeing the area’s reserves.

While Ankara supported energy projects “that will enhance cooperation among the countries in the region,” Turkey’s foreign ministry said in a statement released after the trilateral summit that the projects “should not ignore the rights and interests” of Turkey and its seized territory of northern Cyprus.

© Fourth Estate® — All Rights Reserved.
This material may not be published, broadcast, rewritten or redistributed.