President Al-Sisi closely follows up on Egypt–Saudi Arabia power interconnection project: Esmat    Egypt, Morocco explore deeper industrial, transport cooperation    Egypt advances efforts to align with EU Carbon Border Mechanism to boost export competitiveness    EU warns China's rare earth curbs are a 'great risk', weighs response    Thailand, Cambodia to sign ceasefire in Malaysia with Trump in attendance    Steve Bannon claims 'plan' exists for Trump to serve a third term    Egypt, Saudi Arabia discuss strengthening pharmaceutical cooperation    Al-Sisi reviews final preparations for Grand Egyptian Museum opening    EGX ends week in green area on 23 Oct.    Egypt's Curative Organisation, VACSERA sign deal to boost health, vaccine cooperation    Egypt's East Port Said receives Qatari aid shipments for Gaza    Egypt joins EU's €95b Horizon Europe research, innovation programme    Egypt, EU sign €75m deal to boost local socio-economic reforms, services    Oil prices jump 3% on Thursday    Egypt steps up oversight of medical supplies in North Sinai    Egypt, EU sign €4b deal for second phase of macro-financial assistance    Egypt to issue commemorative coins ahead of Grand Egyptian Museum opening    Omar Hisham announces launch of Egyptian junior and ladies' golf with 100 players from 15 nations    Egypt, Sudan discuss boosting health cooperation, supporting Sudan's medical system    Egypt, France agree to boost humanitarian aid, rebuild Gaza's health sector    Egyptian junior and ladies' golf open to be held in New Giza, offers EGP 1m in prizes    The Survivors of Nothingness — Part Two    Egypt's PM reviews efforts to remove Nile River encroachments    Egypt launches official website for Grand Egyptian Museum ahead of November opening    The Survivors of Nothingness — Episode (I)    Al-Sisi: Cairo to host Gaza reconstruction conference in November    Egypt successfully hosts Egyptian Amateur Open golf championship with 19-nation turnout    Egypt will never relinquish historical Nile water rights, PM says    Al Ismaelia launches award-winning 'TamaraHaus' in Downtown Cairo revival    Al-Sisi, Burhan discuss efforts to end Sudan war, address Nile Dam dispute in Cairo talks    Egypt's Sisi warns against unilateral Nile actions, calls for global water cooperation    Egypt unearths New Kingdom military fortress on Horus's Way in Sinai    Syria releases preliminary results of first post-Assad parliament vote    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



East Mediterranean opportunities
Published in Al-Ahram Weekly on 11 - 10 - 2018

President Abdel-Fattah Al-Sisi flew to Greece on 10 October for a trilateral summit with his Cypriot counterpart Nikos Anastasiades and Greek Prime Minister Alexi Tsipras. The tripartite meeting is the sixth to be held since 2014.
Presidential Spokesman Bassam Radi said the summit will reinforce cooperative frameworks between the three countries and strengthen relations. The three leaders and their accompanying delegations will discuss ways of implementing joint projects - in the fields of agriculture, fishery, tourism, energy and maritime transport - already agreed in earlier summits, as well as mechanisms to enhance cooperation in the battle against terrorism.
Political analyst Hassan Abu Taleb says the discussions between Egypt, Greece and Cyprus will extend to include the coordination necessary to guarantee Mediterranean security and combat illegal migration, and that the three leaders are likely to exchange views on the Syrian and Libyan crises and developments in the Palestinian cause.
It will be necessary, says Abu Taleb, for the three leaders to discuss ways to remove any bureaucratic impediments to the implementation of projects already agreed. “It is essential for Egypt to discuss this,” he argues, “not least when it comes to energy. The huge gas reserves recently discovered in Egyptian and Cypriot territorial waters will contribute greatly to meeting Europe's future energy needs.”
Energy is likely to take up the lion's share of the talks. A gas pipeline linking the Aphrodite field with liquefaction plants in Damietta and Edku has already been tentatively agreed, with the processed natural gas then exported to Europe.
“This will create jobs, attract foreign investments and contribute to making Egypt a regional energy hub. We have the facilities and infrastructure necessary to receive gas produced in the region in the near future and then export it,” Oil Ministry Spokesman Hamdi Abdel-Aziz told Al-Ahram Weekly.
There is also the possibility of integrating electricity grids. Parliamentary Speaker Ali Abdel-Aal said on 19 September that a contract linking the grids of Egypt, Cyprus and Greece will be signed soon. Once implemented, it will become the second line linking Africa and Europe, after the Morocco-Spain line which runs through the Strait of Gibraltar.
Cooperation in the field of energy will help Europe diversify its supplies and make it less reliant on Russia.
World Bank energy expert Hafez Al-Salmawi says that strategic cooperation between Egypt, Cyprus and Greece, both members in the European Union, will not only enhance Egypt's standing with other European countries, it could also facilitate further cooperation with north African states.
Egyptian officials and diplomats will be aware of the political implications of any agreements reached, says Al-Salmawi.
Turkey will have concerns over agreements with Egypt, and Ankara will press its claims for a share of the Cypriot gas fields. Al-Salmawi says Cairo must be clear that it will cooperate only with the legitimate and recognised government of Cyprus. The same applies to Russia: Cairo needs to clarify that the purpose of connecting with Europe is not to harm Russia's interests but to develop Egypt's economy.
The sixth summit was preceded by a preparatory meeting in September between the three countries' foreign ministers.


Clic here to read the story from its source.