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By Reuters Staff 2 Min Read JERUSALEM, March 8 (Reuters) - Cyprus, Greece and Israel on Monday signed an initial agreement to build the world’s longest and deepest underwater power cable that will traverse the Mediterranean seabed at a cost of about $900 million and link their electricity grids. The project, called the Euro-Asia interconnector, will provide a back-up power source in times of emergency, said Israeli Energy Minister Yuval Steinitz, who was in Nicosia to sign a memorandum of understanding with his counterparts. Cypriot Energy Minister Natasa Pilides said it marked “a decisive step towards ending the island’s energy isolation, and consequently, our dependence on heavy fuels.” ....
Lazar Berman is The Times of Israel s diplomatic reporter In this Tuesday, Sept. 29, 2020 file photo, Israel s offshore Leviathan gas field is seen from on board the Israeli Navy Ship Lahav during a rare tour in the Mediterranean Sea, Israel. (AP/Ariel Schalit) In an eastern Mediterranean region full of rivalries, muscle-flexing and shifting alliances, Israel made strides recently in achieving energy security and cementing ties with partners to create a physical link with Europe. Israel has been using energy diplomacy to help create a bloc to counter Turkish policies in the region, and last week signed deals to tighten a partnership with other countries similarly seeking to curb Ankara, while also navigating other regional rivalries that could pull apart the fledgling forum. ....
NICOSIA At an impasse for nine years, Cyprus and Israel said they would move to end a battle over who has rights in the East Mediterranean for gas reserves that cut across their maritime borders - The National Herald ....
Play audio 1XChange playback rate from 1 to 1 Mute audio Cypriot Energy Minister Natasa Pilides said she and her Israeli counterpart Yuval Steinitz had agreed upon a framework to resolve the issue, and guidelines would be passed on to the companies involved in the project. The framework will be set out in a joint letter which is being prepared. We are both very satisfied we are now at this point after nine years of discussion, Pilides told reporters as Steinitz, who was in Cyprus to sign a memorandum of understanding on another project, prepared to depart the island. Steinitz said there was a fair chance of an eventual resolution. Nothing is certain, but there is a good chance that this might lead us to a solution of this little but significant obstacle in the wonderful relations and cooperation between Cyprus and Israel on energy and on many other issues, he said in comments carried by the semi-official Cyprus News Agency. ....
Israel, Cyprus, Greece to link power grids via undersea cable jns.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jns.org Daily Mail and Mail on Sunday newspapers.