Tag #Gsi

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kathimerini.gr

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Sep 9, 10:16

Greece-Cyprus Tensions Stall Great Sea Interconnector Project

A dispute between Greece and Cyprus over funding for the Great Sea Interconnector (GSI) project, coupled with financial concerns from the implementing body ADMIE and contractor Nexans, threatens to halt construction, jeopardizing the project's 657 million euro budget.

Greece-Cyprus Tensions Stall Great Sea Interconnector Project

A dispute between Greece and Cyprus over funding for the Great Sea Interconnector (GSI) project, coupled with financial concerns from the implementing body ADMIE and contractor Nexans, threatens to halt construction, jeopardizing the project's 657 million euro budget.

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Industry, Innovation, and Infrastructure

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How do the financial concerns of ADMIE and Nexans impact the broader political and economic context of the project?

ADMIE's financial predicament creates a major point of contention between Athens and Nicosia, with potential legal action looming if Cyprus does not cover its share of the costs. This uncertainty and a prior investigation into the management of EU funds further complicate securing future financing.

kathimerini.gr

🌐 85% Global Worthiness

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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Affordable and Clean Energy

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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

🌐 85% Global Worthiness

Jun 13, 10:12

Turkey Obstructs Greece-Cyprus-Israel Power Cable Project

Turkey's attempts to obstruct the Greece-Cyprus-Israel power cable, the Great Sea Interconnector (GSI), using implicit threats of violence since July 2024, demonstrates its efforts to prevent Israel's energy integration with Europe and limit Greece's role in regional infrastructure.

Turkey Obstructs Greece-Cyprus-Israel Power Cable Project

Turkey's attempts to obstruct the Greece-Cyprus-Israel power cable, the Great Sea Interconnector (GSI), using implicit threats of violence since July 2024, demonstrates its efforts to prevent Israel's energy integration with Europe and limit Greece's role in regional infrastructure.

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Industry, Innovation, and Infrastructure

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What are the immediate impacts of Turkey's actions on the construction of the Great Sea Interconnector?

Since July 2024, Turkey has used implicit threats of violence to hinder the laying of the Great Sea Interconnector (GSI), an electric cable linking Greece, Cyprus, and Israel. Turkish objections, starting very early in the project, involved sending warships to obstruct survey vessels, even within 600 meters of Greek territorial waters. This contrasts with the unhindered installation of similar cables in the past. ", A2="Turkey's actions are likely motivated by a desire to prevent Israel's integration into Europe's energy network and to hinder Greece's participation in broader economic and geopolitical corridors linking Europe to the Middle East and Africa. The GSI is viewed by Turkey as a strategic move that strengthens the alliance between Greece, Cyprus, and Israel. Turkey's existing network of hydrocarbon pipelines positions it as an energy hub, and it seeks to maintain this dominance. ", A3="Turkey's obstruction of the GSI reflects a broader geopolitical strategy to limit Greece's role in regional infrastructure projects. The involvement of the EU, which is funding the project, and France, as the contractor, complicates Turkey's efforts. Turkey's recent attempts to participate in EU defense programs may create a more favorable climate for resolving the situation, as the Greek Prime Minister's March 7, 2025 statement affirming project continuation suggests. ", Q1="What are the immediate impacts of Turkey's actions on the construction of the Great Sea Interconnector?", Q2="How does Turkey's strategy relate to its existing energy infrastructure and its broader geopolitical objectives in the region?", Q3="What are the long-term implications of this dispute for regional energy security and the strategic alliances among involved nations?", ShortDescription="Turkey's attempts to obstruct the Greece-Cyprus-Israel power cable, the Great Sea Interconnector (GSI), using implicit threats of violence since July 2024, demonstrates its efforts to prevent Israel's energy integration with Europe and limit Greece's role in regional infrastructure. ", ShortTitle="Turkey Obstructs Greece-Cyprus-Israel Power Cable Project"))

kathimerini.gr

🌐 85% Global Worthiness

Apr 9, 19:19

Greece and France to Discuss Defense Cooperation Amid Turkish Threats

Greek and French defense ministers will hold expanded talks on Great Monday in Piraeus, visiting the French frigate Alsace, to discuss defense equipment, the strengthening of the Greek defense industry, and the Crete-Cyprus electricity interconnection, with a focus on countering Turkish threats.

Greece and France to Discuss Defense Cooperation Amid Turkish Threats

Greek and French defense ministers will hold expanded talks on Great Monday in Piraeus, visiting the French frigate Alsace, to discuss defense equipment, the strengthening of the Greek defense industry, and the Crete-Cyprus electricity interconnection, with a focus on countering Turkish threats.

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Peace, Justice, and Strong Institutions

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How does the planned discussion of the European rearmament initiative and potential Meteor missile transfers to Turkey affect the broader geopolitical landscape?

The talks will also cover the European initiative for member states' rearmament, with Greece emphasizing that countries illegally occupying European territories and disregarding international law cannot be part of a common European defense, implicitly referring to Turkey. This stance will likely extend to potential Meteor missile transfers to Turkey, highlighting Turkish revisionism and the threat it poses to Greece.

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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Affordable and Clean Energy

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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

🌐 75% Global Worthiness

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

🌐 75% Global Worthiness

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.

Showing 1 to 7 of 7 results