After the late agreement with Cyprus, Egypt will sign a maritime demarcation agreement with Greece which paves the way for future cooperation between Egypt, Cyprus, Greece and Israel, in addition to expedited gas exploration efforts in Mediterranean waters, reported Al Shorouk Newspaper.
Egypt and Israel had early talks to clearly specify terms of the demarcation agreement in order to avoid future disputes. Egypt has reached out to Tel Aviv, requesting the involvement of Palestine during discussions concerning maritime borders.
Furthermore, Egypt, Greece and Cyprus are proceeding with energy cooperation deals, setting the political framework for additional commercial agreements between the countries. While, Greece and Cyprus are in separate talks on strengthening energy cooperation with Israel, reported NewEurope.
In alignment with Egypt’s push to become a regional energy hub, the agreements with Greece, Cyprus and Israel aim to have gas outputs from the four countries delivered to Egypt for liquefaction then transportation to Europe.