This is an interesting story, reported in the Cyprus Mail and worth a read. Check it out!
Connecting Cyprus and Israel electrically | Cyprus Mail.
In terms of priorities, the European Commission has announced EUR647 million for investment in energy infrastucture. For this particular project, the amount allocated is EUR1.3 million for a two-way electricity power cable. This is good news for Europe, Cyprus and Israel.
One hopes that from acorns mighty oaks might grow. After all, between them, Cyprus and Israel have very large offshore gas reserves and potentially oil too.
Perhaps, in the next tranche of investment funding from the European Union, there will be a potential allocation to fast track the harvesting of the Eastern Mediterranean‘s offshore gas?
Thoughts?