It is estimated that by the end of 2027, Cyprus will have a surplus of renewable energy that it will be able to export or exchange, in addition to the quantities that will be available in Egypt, Israel and Greece, said the President of the Republic, Nikos Anastasiadis.
In his greeting this morning at the conference, on the theme "EMGF - Energy Transition Conference" organized by Cyprus on the occasion of the Presidency of the regional intergovernmental organization East Mediterranean Gas Forum (EMGF), President Anastasiades said that Cyprus can become a net exporter of electricity in quantities that can range from 120 gigawatt hours in 2027, up to 1000 in 2030 and beyond 1800 in 2033.
President Anastasiades underlined that Cyprus, due to its strategic position and its excellent relations and long-term partnerships in the field of energy with neighboring countries at bilateral, regional and multilateral levels, is ready to make its own contribution and be an active part of energy solutions that our region has to offer.
President Anastasiades said that Cyprus has already taken on this role through the start of the construction phase of the EuroAsia Interconnector between Cyprus, Greece and Israel, the opening ceremony of which will take place later today, as well as the ongoing preparations for the start of the EuroAfrica Interconnector that will connect Cyprus, Greece and Egypt.
The President of the Republic stated that according to the existing regime and planning, it is estimated that by the end of 2027, when the first interconnection will have been installed, Cyprus will have a surplus of renewable energy which it will be able to export or exchange, in addition to the quantities that will be available in Egypt, Israel and Greece.
"Therefore, Cyprus can become a net exporter of electricity in quantities that can range from 120 gigawatt hours in 2027, up to 1000 in 2030 and beyond 1800 in 2033", he noted.
President Anastasiades also said that "we are ready to examine the possibilities and proposals for interconnecting various natural gas fields in Cyprus, Israel, Egypt and within the next few days in Lebanon with either existing or new infrastructure, through which gas can be exported in Europe.
Referring to the issue of the possible contribution of the Eastern Mediterranean to the efforts to diversify energy sources and routes, President Anastasiades said that this can be achieved by transporting the natural gas of the Eastern Mediterranean, either as LNG or through pipelines, hydrogen that will be produced in area in the medium and long term and of clean energy from renewable sources exported to Europe through electric interconnectors, underlining that the Eastern Mediterranean can play a key role towards this end".
President Anastasiades further stated that recognizing the great prospects in terms of resources, opportunities and challenges, it is clear that the full energy potential of the Eastern Mediterranean can be unlocked if suppliers, buyers and transit countries in the region work together to development of several infrastructure projects for the trade of gas, hydrogen and renewable energy in the region with external markets.
He noted that the fact that almost all members of the EMGF Gas Industry Advisory Committee are active in the exploration and exploitation of energy resources in the Eastern Mediterranean essentially means that a platform for discussion is available in order to define synergies for their better exploitation.
President Anastasiades further said that the importance of the EMGF goes beyond energy cooperation to its role in regional peace, economic development and prosperity in our troubled region and beyond.
He underlined that the Forum is open to any country that wishes to join it "in this collective process, provided that it "respects our common values and principles of respect for international law, including the Convention on the Law of the Sea".
"Our motto is that Energy should act as a catalyst for peace and prosperity and not for the creation of tensions and conflicts," he noted.
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