![]() The Israeli ministry said that the European Union has recognised the cable as a “Project of Common Interest” and was willing to partly fund it. Steinitz said the cable “will allow us to receive electricity backing from the power grids of the European continent in times of emergency and more importantly will also support our ability to significantly increase reliance on solar power generation.” The cable will have a capacity of 1,000-2,000 megawatts (MW) and is expected to be completed by 2024, according to Israel’s energy ministry.With a length of about 1,500 km and a maximum depth of 2,700 metres, it will be the longest and deepest subsea electricity cable to have ever been constructed, it said. 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.Ĭypriot Energy Minister Natasa Pilides said it marked “a decisive step towards ending the island’s energy isolation, and consequently, our dependence on heavy fuels.” Greece, Israel, Cyprus announce plan to link electricity grids Cyprus, Israel and Greece on Monday signed an initial agreement on laying the world’s longest undersea power cable linking their. Israel, Cyprus and Greece on Monday signed an initial agreement on laying the world's longest undersea power cable linking their electricity grids. (photo credit: KOBI GIDEON/GPO)Ĭyprus, 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. "We would like to have it connected obviously to Israel, and possibly to the east of Israel," Netanyahu said.With a length of about 1,500 km and a maximum depth of 2,700 metres, it will be the longest and deepest subsea electricity cable to have ever been constructed, the Energy Ministry said.īy REUTERS MA13:58 Trilateral meeting with Israel, Greece and Cyprus, the Cyber Center in Beer Sheva, 2018. The EU-supported subsea cable is envisaged to carry up to 2,000 megawatts of electricity to eventually link grids from Israel and Cyprus to Greece. Netanyahu said Israel was also "eagerly pursuing" being part of a planned subsea electricity link, the EuroAsia Interconnector. ![]() "Especially in Europe (it) dictates the need for energy diversification and increased interconnectivity," he said. "We agree that natural gas and renewable energy is a prime pillar of cooperation in the region, especially in light of the recent geopolitical developments," Christodoulides said. "Those decisions will be made, I think, in the next three to six months, probably closer to three months," he said.Įarlier this year Cyprus suggested expediting gas to market by the creation of a short pipeline linking Israel's east Mediterranean gas fields to a liquefaction facility on Cyprus, which could then be shipped to Europe. We are looking at the possibility of cooperating on this," Israeli Prime Minister Benjamin Netanyahu told reporters in Nicosia after a tripartite summit with Greek Prime Minister Kyriakos Mitsotakis and Cyprus' President Nikos Christodoulides. "We will have to decide soon about how Israel exports its gas and the same decisions have to be made by Cyprus. ![]() The eastern Mediterranean has yielded major gas discoveries in the past decade, mostly off Israel and Egypt, with interest rising since Russia's invasion of Ukraine hit flows to Europe. The leaders of Israel, Greece and Cyprus pledged to deepen their energy cooperation on Monday and explore ways to get East Mediterranean gas to Europe, as well as connect electricity grids.
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