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20 November 2017
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Egypt (The Total Investment & Insurance Solutions)
Newly discovered gas deposits in the eastern Mediterranean can offer
Europe the alternative sources of energy that it's searching for, Egypt's
president said Monday. The Total
Investment & Insurance Solutions
President Abdel-Fattah el-Sissi said that
Europe can take advantage of the proximity of both Egypt and Cyprus to the
continent in that energy search.
"These gas discoveries can contribute to
the European continent's search for alternative energy sources, taking
advantage of the position of Egypt and Cyprus," El-Sissi said after talks
with his Cypriot counterpart.
Cyprus President Nicos Anastasiades said his
country will promote closer relations between Egypt and the European Union,
calling Egypt an "absolutely necessary strategic partner" for the
28-member bloc on issues like energy, migration and combatting extremism.
"Our vision is that the discovery of
hydrocarbon deposits in the wider region becomes a catalyst for wider
cooperation in the eastern Mediterranean, contributing to regional peace,
stability and prosperity," Anastasiades said.
The Egyptian president also said he and
Anastasiades agreed on ways of countering the threat of extremism in the
region, noting a 2015 military cooperation agreement between the two countries.
Egypt and Cyprus have in the last three years
aimed at forging closer ties as part of a relationship built largely on energy
cooperation.
Egyptian and Cypriot officials are set to
begin talks next month on a potential pipeline that could bring gas from a
Cypriot offshore field to Egypt for possible domestic use or export. The Total Investment & Insurance
Solutions
Two years ago, Italian energy company Eni
discovered in Egyptian waters the biggest gas field ever found in the
Mediterranean. Eni, along with France's Total and ExxonMobil are also searching
for more hydrocarbons in adjacent Cypriot waters. The Total Investment & Insurance Solutions
The Egyptian president's visit to Cyprus
comes a day ahead of a three-way meeting that will include Greek Prime Minister
Alexis Tsipras.
El-Sissi said Tuesday's talks will also aim
to boost energy cooperation between the three countries. The Total Investment & Insurance Solutions
Cyprus, Greece and Israel have also held a
number of three-way talks aimed at enhancing energy and security ties.The Total Investment & Insurance
Solutions
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