Israel, Cyprus plan to sign key energy agreements in 2025

Israel and Cyprus have agreed to sign a deal later this year to lay an electrical cable connecting the two countries — a central component of the US-backed India–Middle East–Europe Economic Corridor — as well as a deal to divide the Aphrodite gas field, the Prime Minister’s Office and the Energy Ministry announce in a joint statement.

“One of the ideas we discussed is IMEC — a revolutionary project we want to establish,” Prime Minister Benjamin Netanyahu says about his meeting with Cypriot President Nikos Christodoulides today, according to the PMO readout.

The electricity cable, part of a broader project to connect India to Europe, will boost Israel’s energy security and help link East to West, says the readout, adding that Netanyahu discussed the project recently with Indian Prime Minister Narendra Modi.

The meeting also addressed an agreement on the division of the Aphrodite natural gas field between the two countries, which “is expected to be signed within the next two months,” according to the PMO and Energy Ministry.

Netanyahu says he is also seeking to hold a trilateral summit in Israel with Cyprus and Greece “soon.”

Christodoulides says the two countries “need to do much more in the areas of security, intelligence, tourism and trade,” adding that Cyprus, which will assume the presidency European Union Council in 2026, intends to use its position to promote regional interests in Brussels.

“We need to discuss regional developments, particularly concerning the situation in Syria and Lebanon. There is always one neighbor trying to cause problems in our region — and we’ll exchange impressions on that as well,” he adds.