- East Mediterranean gas reserves can help ease Europe’s energy crunch but require funding from institutions like the European Bank for Reconstruction and Development and the European Investment Bank to realise the area’s full potential, an official said on Friday (14 October).
- In June, the European Commission signed a memorandum of understanding on gas exports between Egypt, Israel and the EU.
- Cyprus and Greece on Friday inaugurated the construction phase of the EuroAsia Interconnector, an EU-funded subsea cable that will cross the Mediterranean carrying up to 2,000 megawatts of electricity to eventually link grids from Israel and Cyprus to Greece.
Egypt eyes EU funding for East Med gas development, clean energy
