Greece-Cyprus-Israel Cooperation Memorandum

Greece, Cyprus and Israel will sign a memorandum of cooperation on energy issues at the end of this month, Environment, Energy and Climate Change Minister George Papaconstantinou announced during a press conference yesterday. The memorandum will address issues such as the linkage of the electricity grids of the three countries and the prospects of cooperation in the transportation of natural gas from the Eastern Mediterranean to Europe via Greece.

The minister also announced plans for further surveys in 10-12 areas of mainland Greece, including Evros, Kavala, Serres, Thessaloniki, Grevena, Aitoloakarnania, Messinia, Achaia and possibly Crete. The same "open-door" procedure will be used for the tender regarding seismic surveys in those regions, as in the four areas that generated interest by eight of the industry’s international leading companies.

Environment, Energy and Climate Change Ministry: Press Release (in Greek)