EuroAsia Interconnector

Bulgaria will sign a contract for the design of a new gas interconnector with Serbia, it became clear during a regional energy meeting in Sofia.

It was attended by the Ministers of Energy of Bulgaria, Greece, Romania, Turkey, Azerbaijan, Ukraine and North Macedonia.

The key topic of discussion during the meeting was energy security and independence of the whole region.

The project will connect the electricity networks of Israel, Cyprus & Greece was approved by the EU following a proposal by the Commission

The developers behind the EuroAsia Interconnector aim to commission the first phase by the end of 2025

Israel said it fully supported Cyprus

Turkey on March 15 expressed strong reservations over not being consulted over an EU-backed project in the Eastern Mediterranean.

Μπήκαν οι υπογραφές στο μνημόνιο συναντίληψης για τον EuroAsia Interconnector

Countries in the Balkan region are still heavily dependent on Russian gas, making them vulnerable to pressure from Moscow, the US ambassador to Skopje, Kate Byrnes, warned during the Macedonian Energy Forum 2020 on Monday.

Bulgarian President Rumen Radev said on Tuesday that his country wishes to participate in the trilateral cooperation among Cyprus, Greece, and Israel in the energy field, saying his country is a "natural continuation" geographically.

He also said his country wishes to enhance its relations with Cyprus, particularly in the fields of energy, economy, and investments.

Prime Minister Kyriakos expressed great expectations after the signing of a trilateral agreement with Cyprus and Israel for the construction of the EastMed pipeline.

The PM described the agreement as the crowning achievement of the new geopolitical partnership with Cyprus and Israel, which creates new realities in the eastern Mediterranean.

Greece, Israel and Cyprus signed a deal Thursday to build an undersea pipeline to carry gas from new offshore deposits in the southeastern Mediterranean to continental Europe.
The 1,900-kilometer (1,300-mile) EastMed pipeline is intended to provide an alternative gas source for energy-hungry Europe, which is largely dependent on supplies from Russia and the Caucasus region.