Greece, Israel Sign Energy Agreement for Stability

Greece and Israel have formalized a strategic energy agreement aimed at enhancing regional energy stability and fostering innovative energy projects in the Eastern Mediterranean. Signed on December 23, 2024, by Greek Energy Minister Theodoros Skylakakis and Israeli Minister Eli Cohen, the agreement outlines the creation of a 'green' electricity corridor from Israel to the EU via Greece. This initiative is part of a broader effort to strengthen bilateral ties and address the challenges posed by the climate crisis. The agreement, valid for five years, also emphasizes cooperation in renewable energy, strategic infrastructure, and cybersecurity. Additionally, it establishes a working group to facilitate the implementation of the agreement's provisions. This collaboration marks a significant milestone in energy relations amid rising geopolitical tensions in the region.