STORY: Cyprus, Israel, Greece boost cooperation on energy corridor
DATELINE: Sept. 5, 2023
LENGTH: 00:01:34
LOCATION: Nicosia
CATEGORY: POLITICS/ECONOMY

SHOTLIST:
1. various of the outside of the Presidential Palace
2. various of the meeting between Cypriot President Nikos Christodoulides and Greek Prime Minister Kyriakos Mitsotakis
3. various of Nikos Christodoulides welcoming Israeli Prime Minister Benjamin Netanyahu
4. various of a meeting between Israeli Prime Minister Benjamin Netanyahu and Greek Prime Minister Kyriakos Mitsotakis
5. various of a trilateral summit

STORYLINE:

Cyprus, Greece and Israel agreed on Monday to intensify cooperation on an energy corridor from the Eastern Mediterranean to Europe, leaders of the three countries said after meeting in Nicosia.

"In light of the growing need for energy diversification and interconnectivity due to geopolitical developments, we reaffirmed the common interest to advance prospects for a reliable energy corridor from the Eastern Mediterranean basin to Europe," they said in a joint statement.

Cypriot President Nikos Christodoulides, and the prime ministers of Israel and Greece, Benjamin Netanyahu and Kyriakos Mitsotakis, agreed that "the energy sector, and in particular, natural gas, electricity and renewable energy, is a solid foundation for cooperation in the region."

Speaking at a joint press conference, Netanyahu said that Israel and Cyprus will make decisions on exporting natural gas to Europe within the next three to six months.

Netanyahu had said before the meeting on Sunday that a natural gas corridor to Europe must be based either on building the EastMed pipe to connect the eastern Mediterranean with Europe, or on sending natural gas from sea gas fields via pipe to Cyprus, and building a liquefaction plant on the eastern Mediterranean island.

Cyprus and Israel have discovered several offshore natural gas fields, and these are currently at the stage of development. Meanwhile, Greece has just started exploring in its exclusive economic zone.

"We have a great interest in seeing how the Israeli and Cypriot gas will be exported to the EU," said Mitsotakis.

Xinhua News Agency correspondents reporting from Nicosia.
(XHTV)