FAMAGUSTA GAZETTE – Energy Minister George Papanastasiou expressed confidence that the Greece-Cyprus-Israel submarine electrical interconnection project will move forward as planned, citing strong interest from major investors.
Speaking at the Delphi Forum, Papanastasiou highlighted the project’s significance in ending Cyprus’s energy isolation.
He emphasized its status as a European project, with the European Union investing €657 million through the Connecting Europe Facility as part of its designation as a project of Common European Interest.
Papanastasiou also underscored the growing interest of American companies in the Eastern Mediterranean, particularly during a period marked by geopolitical and economic uncertainties.
The project, aimed at establishing an electrical connection between Cyprus and Greece via submarine cables, remains a focal point in the local press.
Earlier this week, Politis newspaper reported that despite Turkish objections, Greece was preparing to issue a Navtex for seabed research along the line between Kashot Island and Kerpe Island, to be conducted by the research vessel “NG WORKER.”
The report highlighted that the project is advancing towards implementation, with the Greek Ministry of Foreign Affairs taking steps to publish Navtex following high-level consultations.
The newspaper noted that seabed research, paused in February due to geopolitical tensions with Turkey, is set to resume.