Edit: Ahmed Al-Kumi

According to one U.S. agency, Greece and Egypt will this week sign a preliminary electrical connection agreement between the two countries, the first of its kind to be signed between countries from Europe and Africa in the South-East Mediterranean.

In the same vein, the spokesman for the Greek Ministry of Environment and Energy explained that two ministers from the two countries were due to sign a memorandum of understanding tomorrow at a cost of $1 billion and $800 million.

The United States Agency reported that Egypt, which has an electricity surplus, began talks a year ago to sell energy to Europe, pressuring its advantage as a cheap renewable energy producer in an effort to become a regional export hub.

The United States Agency has revealed discussions with Greece and Cyprus in recent months to build an undersea cable linking the three countries, and a source familiar with the fact that the Cypriot Minister of Energy Natasha Belides and the Egyptian Minister of Electricity will sign a separate agreement in Nicosia between Egypt and Cyprus on 16 October.

The source said that the two agreements with Egypt were part of a tripartite agreement between the two countries to connect their electricity networks, which was due to be signed shortly.

Egypt has signed a preliminary agreement on the EuroAfrica project with Cyprus and Greece in 2019, with leaders of the three countries announcing their support for the project in October 2020.