Finance

Greece, Israel sign energy deal for Eastern Mediterranean

Published by Global Banking & Finance Review

Posted on December 23, 2024

1 min read

· Last updated: January 27, 2026

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Greek and Israeli officials sign energy agreement for Eastern Mediterranean - Global Banking & Finance Review
The image captures the signing ceremony of an energy deal between Greece and Israel, highlighting their commitment to regional stability and innovative projects in the Eastern Mediterranean. This agreement aims to establish a 'green' electricity corridor from Israel to the EU, crucial for energy cooperation.
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(Reuters) - Greece and Israel signed an agreement to promote regional energy stability and innovative energy projects in the Eastern Mediterranean and the European Union, the Greek Ministry of

Greece and Israel Sign Strategic Energy Agreement for the Mediterranean

(Reuters) - Greece and Israel signed an agreement to promote regional energy stability and innovative energy projects in the Eastern Mediterranean and the European Union, the Greek Ministry of Environment and Energy said on Monday.

The agreement was signed by Greek Energy Minister Theodoros Skylakakis and his Israeli counterpart Eli Cohen, during the latter's visit to Greece, it added.

"The creation of a 'green' electricity corridor from Israel to the EU via Greece will be a project of strategic importance for the Eastern Mediterranean region," the Greek minister said in a statement.

(Reporting by Antonis Pothitos; Editing by Alison Williams)

Key Takeaways

  • Greece and Israel signed an energy agreement.
  • The deal aims to promote regional energy stability.
  • A 'green' electricity corridor will connect Israel to the EU.
  • The agreement is strategically important for the region.
  • The signing occurred during the Israeli minister's visit to Greece.

Frequently Asked Questions

What is the main topic?
The main topic is the energy agreement between Greece and Israel aimed at promoting regional energy stability and creating a green electricity corridor to the EU.
What is the significance of the agreement?
The agreement is strategically important for the Eastern Mediterranean region, enhancing energy cooperation and stability.
Who signed the agreement?
The agreement was signed by Greek Energy Minister Theodoros Skylakakis and Israeli Energy Minister Eli Cohen.

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