Ways to strengthen cooperation between Cyprus and Egypt in the fields of electricity, Renewable Energy Sources (RES) and natural gas were discussed yesterday in Cairo by the Minister of Energy, Trade and Industry, Mr. George Papanastasiou, in separate meetings with his Egyptian counterparts, the Ministers of Petroleum and Mineral Resources and Electricity and RES, Mr. Tarek El Molla and Mr. Mohamed Shaker El-Markabi. Mr. Papanastasiou accompanied the President of the Republic on his first official visit to Egypt.
Specifically, the Minister of Energy had a private meeting yesterday afternoon with the Minister of Electricity and Renewable Energy Sources of Egypt, Dr Mohamed Shaker El-Markabi, where the support of Cyprus and Egypt for the electrical interconnection between them as a priority project was reaffirmed and it was decided to resume the discussions of the two technical committees of the countries, with a meeting in Cyprus in the near future. At the same time, Cyprus' progress on the issue of renewable energy sources was discussed, as well as the actions being taken to accelerate the arrival of natural gas in our country for electricity production, with the aim of reducing the price of electricity.
This was followed by a private meeting between Mr. Papanastasiou and the Egyptian Minister of Petroleum and Mineral Resources, Mr. Tarek El Molla, during which they discussed the broader cooperation between the two countries in the hydrocarbons sector and the latest developments in the Exclusive Economic Zone (EEZ) of the Republic of Cyprus, with the recent discoveries of natural gas in the "Cronos-1" and "Zeus-1" exploratory wells. The two Ministers also exchanged views on the ways of optimal and rapid development of the Republic of Cyprus' fields, with the transfer of natural gas from the EEZ to Egypt being one of the options for their exploitation.
(GA)
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