Greece and Egypt discuss undersea cable

Greece and Egypt discuss undersea cable

Prime Minister Kyriakos Mitsotakis had an online meeting with Egyptian President Abdel Fattah Al-Sisi on Thursday to discuss the further implementation of an agreement signed in October for an undersea cable that would link the Greek and Egyptian energy infrastructures, a strategic priority for both countries. The prime minister underlined that the power link – whose basis is the Memorandum of Understanding for the interconnection of the Greek and Egyptian power networks signed by the two countries on October 14, 2021 – will help diversify the energy source and supply routes to Europe and enhance energy security on the European continent. The issue is even more pertinent now, due to the new landscape created by the Russian invasion of Ukraine.
“Greece and Egypt will play an important role in this new environment due to their capabilities and strategic position. We are natural bridges between Europe and Africa,” Mitsotakis said.
The teleconference, in which both the wider team involved with the project as well as European Investment Bank President Werner Hoyer in Luxembourg participated, was a follow-up of a meeting between Mitsotakis and the Egyptian president on the margins of the EU-Africa Summit in Brussels on February 17. It is part of the broader planning for the transfer of green energy and cooperation between Africa and Europe to address the climate crisis, providing an alternative and large supply of green electrical power to Europe while contributing to peace and stability in the region, promoting good bilateral relations and strengthening Greek-Egyptian cooperation.
The strategic nature of the two countries’ cooperation for energy security in Europe, which will make Greece a hub for the transfer of green energy, has been recognized by both the European Union and the USA.


Previous Next
Test Caption
Test Description goes like this
Cookies Preferences
Choose Type of Cookies You Accept Using

These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.

These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.

These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.