Papanastasiou: EU's strategic energy autonomy is vital

08:15 - 13 July 2023

Economy

The EU’s strategic energy autonomy is of vital importance, Energy Minister George Papanastasiou said addressing the informal Energy Council meeting held in Valladolid, Spain, this week.

As such, he said, interconnections between EU member-states and between member-states and non-EU states is crucial both for the security of supplies and the increase of renewables in the energy mix.

The Energy Council had met to discuss Open Strategic Autonomy, providing for the increase of supply of critical and strategic raw materials, strengthening circularity, research and innovation.

According to a press release issued by the Ministry, Papanastasiou said the EU’s open strategic autonomy in the field of energy is an issue of vital importance for the protection of the EU mainly from exogenous dependencies which have already affected the living standards of the EU citizens.

In this context, Papanastasiou pointed out the vital role of interconnections between member-states as well as between EU member-states need for safeguarding the security of supplies, increase in renewables and the strengthening of energy systems in the EU.

Papanastasiou also referred to the EuroAsia Interconnector a cable which will link Israel, Cyprus and Greece electric grids, which aims to create a corridor through which the EU could safely receive electricity.

He also referred to the need for secure, affordable and sustainable supply of critical raw materials as well as for the mitigation of risks in supply chains.

Papanastasiou also took part in a joint informal meeting of EU Ministers of Environment and Energy, focusing on the preparation of the COP 28 summit to be held in November and December in Dubai.

Papanastasiou: EU's strategic energy autonomy is vital

News Feed

Read More