Greeks, Cypriots propose Israel partnership

Quantum Energy suggests electric-power cable linking Israel, Cyprus and Greece to export electricity.

January 24, 2012 23:41
Greek parliament

Greek parliament 311. (photo credit: REuters)


Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

Quantum Energy, in cooperation with Greece’s state-controlled power utility PPC, has offered to lay a sub-sea electric-power cable linking Israel, Cyprus and Greece to use natural gas to increase electricity production in Israel, and to export electricity through the cable to Europe.

The 2,000 megawatt cable, called the EuroAsia Interconnector project, will be laid at a maximum depth of 2,000 meters, and will carry electricity west 540 nautical miles across the Mediterranean linking Asia and Europe.

Be the first to know - Join our Facebook page.

DEH-Quantum Energy Partnership Chairman Nassos Ktoridis said that the EU might finance part of the project, estimated to cost £1.5 billion.

Israel is likely to gain significantly more from exporting electricity than from other offers of exporting natural gas.

According to forecasts, Europe’s natural gas consumption will jump in the next two decades, especially following the closing of Germany’s nuclear reactors in 2022.

Related Content

The Teva Pharmaceutical Industries
April 30, 2015
Teva doubles down on Mylan, despite rejection