Landau: Israel, Cyprus to link electricity grids

"We are in contact with the Cypriot government regarding an electricity cable connecting our grid with their grid, so that in the end Cyprus will have a power station backing us up if needed," National Infrastructures Minister Uzi Landau said Monday at the Globes Israel Business Conference in Tel Aviv.

"At the same time, we will back up the Cypriot infrastructure," he added.

Landau was speaking on the panel entitled "Energy Sources: High Tension," which discussed the price of energy and its influence on the global economy, as well as Israel’s place in the international energy market following the discovery of its offshore gas fields.

"We want to create a situation so that by 2020 our electricity grid will have a 20% surplus," he said. "Such a surplus would be a safety net, prevent power outages and enable us to sell electricity to our neighbors."

Regarding natural gas, he said: "This is one of four main markets that can lead Israel’s economy and put it on the right road. We are seeing the massive entry of gas into the field of electricity production. Today, 40% of Israel’s electricity is produced from gas. We have invested a billion dollars in it and still saved money."

"We are working so that there will be not just one pipeline for the gas that will flow, but at least three pipelines in the near future," he said. "We are also talking about other developments that will allow export of gas even if there is sabotage, as is happening in Egypt, or a natural disaster such as an earthquake."

Regarding water, Landau said the rate of desalination would rise in the coming years.

"Israel already uses 6% of its energy consumption to desalinate water, and this will reach 9% by 2020," he said. "The aim is to strike a balance in both sectors: electricity and water."

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