Cyprus and Israel to bolster ties on energy and security

Cooperation on energy issues, including use of pipelines

29 July, 12:03

    Cyprus, Israel bolster  energy cooperation Cyprus, Israel bolster energy cooperation

     - NICOSIA - Israel and Cyprus agreed on Tuesday to expand their cooperation on energy issues, including the use of pipelines and electricity grids to link to European markets, as both countries develop natural gas fields off their coasts. Israeli Prime Minister Benjamin Netanyahu and President Nicos Anastasiades said they would seek to tap the potential of natural gas in the sea bed beneath both countries as Cyprus Mail reported. "There is palpably renewed energy in our relationship, I mean that figuratively and literally," Netanyahu said. "...We think that by cooperating with each other we can take it out more easily, we can market it better, to the betterment of both our societies." Israel has reported some of the largest natural gas discoveries worldwide in the past decade. Cyprus found gas offshore in 2011. Netanyahu, who arrived in Cyprus for a brief visit on Tuesday, said the two countries were exploring various options on collaboration, but did not elaborate. Anastasiades said among the options were an east Mediterranean pipeline and the Eurasia interconnector, a private project to transport to Europe electricity powered by natural gas. "With the Prime Minister, we agree exploration and exploitation of hydrocarbon assets is a sovereign right that is instrumental in the wider regional context and as part of a reciprocally beneficial relationship," Anastasiades said. Referring to the economic relations between the two countries, the prime minister said that "the President and I are giving examples to Israeli tourists and to Cypriot tourists. We want to increase tourism and we want to increase investments and economic activities both ways." Netanyahu said the two countries would also explore tightening security cooperation. "We want to achieve peace, peace depends on security and ultimately if you don't have the capacity to defend that peace it collapses very rapidly in our area," Netanyahu said. Anastasiades said the two sides discussed practical ways of improving their national capabilities in a collaborative manner, against the multitude of asymmetric threats to the security of our countries. Recent regional developments, such as Syria and the agreement on the Iranian nuclear deal and its wider implications for the region, were also high on the agenda. (ANSAmed).

    © Copyright ANSA - All rights reserved

    Business opportunities

    The information system of business
    opportunities abroad

    News from Mediterranean