Great Sea Interconnector
Slow progress on power link
Athens has apparently found a possible way through the impasse in talks with Nicosia about the planned grid link, known as the Great Sea Interconnector (GSI), but progress is expected to remain painstakingly slow.
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Minister: Israel fully backs power link
During a quick trip to Athens recently, Israeli Energy and Infrastructure Minister Eli Cohen signed an agreement with his Greek counterpart Thodoros Skylakakis to strengthen energy cooperation and connectivity between the two countries.
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LNG tanker Prometheas in Malaysia for checks
Liquefied natural gas tanker ETYFA-Prometheas is currently stationed in the Malacca Strait in Malaysia, where it is undergoing technical inspections, according to Cyprus' Energy Minister George Papanastasiou. The ship, which departed Shanghai on December 14, has been anchored since Christmas Eve, where independent evaluators are assessing its condition.
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Consultations continue on Greece-Cyprus power link
Delegations representing the Greek and Cypriot governments met in Athens on Friday for talks, within the framework of an understanding between Athens and Nicosia regarding the electrical interconnection project between the two countries, known as the Great Sea Interconnector (GSI).
Hosting the meeting was Greek Environment and Energy Minister Thodoros Skylakakis.
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Strategic energy deal with Israel further upgrades relations
Greece and Israel signed a strategic energy agreement on Monday, further upgrading their bilateral economic and political relations amid escalating uncertainty in the Eastern Mediterranean and Turkish claims and aspirations in the region.
Mixed views in Cyprus on GSI deal
Reactions are mixed in Nicosia about the reported agreement between Greek grid operator ADMIE and French fund Meridiam for the acquisition by the latter of a 49.9% stake in the venture to implement the Cyprus-Greece electricity interconnection.
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French fund can prove a game-changer for Cyprus-Greece power linkup
The deal concerning the Greece-Cyprus power link, between Greece's Independent Power Transmission Operator (ADMIE) and French investment fund Meridiam, reported by Bloomberg on Thursday, was on Friday confirmed by Kathimerini, citing sources from Paris. However, neither party has officially announced the agreement yet.
ADMIE lands major partner for GSI cable
Greek grid operator ADMIE has struck a deal with French investment firm Meridiam for the long-anticipated Cyprus-Greece electricity cable project, which aims to connect the Greek and Cypriot grids, per a Bloomberg report. This means the Greek company has secured new funding and a strategic partner.
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French Meridiam acquires 49.9% of the Great Sea Interconnector
French company Meridiam SAS has agreed to purchase a stake in the €1.9 billion ($1.98 billion) project that aims to connect Greece’s electricity grid with those of Cyprus and Israel via subsea cables in the Eastern Mediterranean, according to a Bloomberg report.
French fund Meridiam acquiring 49.9% stake in GSI consortium
French investment firm Meridiam has agreed to acquire a 49.9% stake in the Great Sea Interconnector consortium, seeking to link the transmission networks of Greece, Cyprus and eventually Israel, according to Bloomberg.