Greece and Israel Sign Agreement to Boost Energy Cooperation in the Eastern Mediterranean

Investing.com -- On Monday, Greece and Israel reinforced their commitments to enhance energy cooperation in the Eastern Mediterranean region. The agreement, aimed at promoting regional energy stability and joint projects, was signed in Athens by Greece's Minister of Environment and Energy Theodoros Skylakakis and Israel's Minister of Energy and Infrastructure Eli Cohen.
The Greek Ministry of Energy announced the development through a statement sent via email on the same day. The agreement is seen as a significant step in the joint efforts of Greece and Israel to combat the climate crisis. Both countries are actively seeking ways to ensure energy security and stability in the region while reducing environmental impacts.
Minister Skylakakis emphasized the importance of the agreement, stating: "The agreement with Israel marks a significant milestone in the cooperation on energy matters between the two countries and holds great potential for the future, as both Greece and Israel face the impacts of the climate crisis."
One of the key components of this bilateral cooperation is the initiative to connect Israel's electricity grid to the European Union through Greece. This project is expected to enhance energy infrastructure and connectivity between Israel and EU member states and potentially lead to more integrated and resilient energy systems in the region.
The signing of this agreement reflects Greece and Israel's ongoing efforts to collaborate on energy issues and represents a shared vision for a more stable and sustainable energy environment in the Eastern Mediterranean.