Tag #Great Sea Interconnector

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kathimerini.gr

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Sep 4, 16:18

EU Commission Affirms Commitment to Cyprus's Great Sea Interconnector Despite Ongoing Investigation

The European Commission reiterated its commitment to the Great Sea Interconnector (GSI) project for Cyprus, aiming to end the island's energy isolation and lower energy prices, despite an ongoing investigation by the European Public Prosecutor's Office (EPPO).

EU Commission Affirms Commitment to Cyprus's Great Sea Interconnector Despite Ongoing Investigation

The European Commission reiterated its commitment to the Great Sea Interconnector (GSI) project for Cyprus, aiming to end the island's energy isolation and lower energy prices, despite an ongoing investigation by the European Public Prosecutor's Office (EPPO).

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What is the status of the GSI project's funding and regulatory approvals?

The GSI project has received funding through various EU mechanisms and has undergone rigorous checks to ensure economic viability. It holds Project of Common Interest (PCI) status and has passed all necessary stages for EU funding approval. The Commission remains in close contact with all stakeholders.

kathimerini.gr

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Sep 3, 22:19

Greece Reaffirms Commitment to Greece-Cyprus-Israel Electricity Interconnector

Greece's Minister of Environment and Energy, Stauros Papasavvou, reiterated the country's firm commitment to the Great Sea Interconnector (GSI) project, despite comments from Cyprus' finance minister questioning its viability.

Greece Reaffirms Commitment to Greece-Cyprus-Israel Electricity Interconnector

Greece's Minister of Environment and Energy, Stauros Papasavvou, reiterated the country's firm commitment to the Great Sea Interconnector (GSI) project, despite comments from Cyprus' finance minister questioning its viability.

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Why is the Cypriot finance minister's statement creating uncertainty about the GSI project?

The Cypriot finance minister's statement expressing doubts about the GSI's viability is causing uncertainty. Greece claims to not have seen the studies the Cypriot minister referenced, creating ambiguity regarding Cyprus's commitment to the project's completion. This uncertainty is significant as the GSI is crucial for ending Cyprus' energy isolation.

kathimerini.gr

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Mar 31, 10:10

Greece Defies Turkey, Restarts Research on Crucial Energy Cable

Greece is restarting research for the Greece-Cyprus-Israel electricity cable (Great Sea Interconnector) despite Turkish objections, backed by Israel and France, potentially involving joint military exercises in international waters to counter Turkish claims.

Greece Defies Turkey, Restarts Research on Crucial Energy Cable

Greece is restarting research for the Greece-Cyprus-Israel electricity cable (Great Sea Interconnector) despite Turkish objections, backed by Israel and France, potentially involving joint military exercises in international waters to counter Turkish claims.

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How does the Greece-Egypt maritime boundary agreement impact the legal standing of the Great Sea Interconnector project in relation to Turkish objections?

This project challenges Turkey's claim limiting Greek rights to six nautical miles, using the 2020 Greece-Egypt maritime boundary agreement as legal basis. Israel's support stems from strategic energy needs, EU integration, and regional tensions with Turkey. The project also involves the French company Nexans, which leases the research vessels.

kathimerini.gr

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Sep 3, 10:14

Cyprus Finance Minister questions viability of Great Sea Interconnector project

Cyprus's Finance Minister, Makis Keravnos, is questioning the viability of the 1.9 billion euro Great Sea Interconnector (GSI) project, citing two independent studies and expressing concern over a 25 million euro payment.

Cyprus Finance Minister questions viability of Great Sea Interconnector project

Cyprus's Finance Minister, Makis Keravnos, is questioning the viability of the 1.9 billion euro Great Sea Interconnector (GSI) project, citing two independent studies and expressing concern over a 25 million euro payment.

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What are the underlying issues contributing to the uncertainty surrounding the GSI project?

Uncertainty stems from conflicting views within the Cypriot government, with the Finance Minister leading the opposition. The project's complexity involving economic, technical, and geopolitical factors further contributes to the delays, compounded by the slow progress despite EU funding since 2010.

kathimerini.gr

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May 24, 10:09

Greek Consumers to Pay for Delayed Crete-Cyprus Interconnector

Despite the uncertain future of the €1.939 billion Great Sea Interconnector (GSI) project between Crete and Cyprus, Greek consumers will pay €7.3 million in network fees during the second half of 2025, while Cypriot consumers will not pay during construction, due to funding from carbon auctions and ...

Greek Consumers to Pay for Delayed Crete-Cyprus Interconnector

Despite the uncertain future of the €1.939 billion Great Sea Interconnector (GSI) project between Crete and Cyprus, Greek consumers will pay €7.3 million in network fees during the second half of 2025, while Cypriot consumers will not pay during construction, due to funding from carbon auctions and ...

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How do the cost-recovery mechanisms differ between Greece and Cyprus for the Great Sea Interconnector project?

The GSI project's funding model involves a 35-year recovery of costs from Greek and Cypriot consumers (37% and 63% respectively). While Greek consumers will bear initial costs, Cypriot consumers will not pay during construction (2025-2029), with costs covered by carbon auction revenue and government guarantees.

kathimerini.gr

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Dec 30, 16:14

Israel and Greece Strengthen Energy Ties Amidst Regional Instability

Israeli Energy Minister Eli Cohen visited Athens, signing an agreement with his Greek counterpart to strengthen energy cooperation, focusing on the Great Sea Interconnector project linking Israel, Cyprus, and Greece, while highlighting the strategic nature of Israel-Greece relations amid regional in...

Israel and Greece Strengthen Energy Ties Amidst Regional Instability

Israeli Energy Minister Eli Cohen visited Athens, signing an agreement with his Greek counterpart to strengthen energy cooperation, focusing on the Great Sea Interconnector project linking Israel, Cyprus, and Greece, while highlighting the strategic nature of Israel-Greece relations amid regional in...

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How does the energy cooperation agreement between Israel and Greece reflect broader geopolitical considerations and challenges?

The agreement underscores the strengthening strategic partnership between Israel and Greece, particularly in the energy sector. This collaboration is viewed within a broader context of shared challenges and threats, reflecting the importance of regional stability and cooperation amongst allies. Israel's willingness to share natural gas resources with Greece and Cyprus further strengthens these ties.

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