Thursday, November 20, 2014

A conference on "Building a Euro-Mediterranean Energy Bridge" was held in Rome, organized by the Italian Presidency of the EU Council and the European Commission. Environment, Energy and Climate Minister Yiannis Maniatis spoke on the sidelines of this conference, referring to major developments in energy cooperation between Greece, Cyprus and Israel.

Israel has asked that its own gas fields be considered for selection in the transfer of Eastern Mediterranean natural energy resources via the East Med Pipeline, as well as in the construction of the pipeline itself, Maniatis said on November 19. Noting that he had met on November 18 with his colleagues from Cyprus, Israel and European Commission Vice-President for Energy Union Maros Sefcovic, Maniatis said that a "new page" was being written in relation to energy in the Eastern Mediterranean.

The East Med Pipeline will extend from the gas fields in the Eastern Mediterranean sea to Cyprus, Crete,  then western Greece, the Peloponnese and Epirus before joining up with the Italy-Greece Interconnector (IGI) pipeline. According to forecasts, the Trans-Adriatic Pipeline will transport 10 billion cubic metres per year. It is estimated that the East Med Pipeline will carry between 8 and 10 billion cubic metres per year.