The European Union approved a EUR 100 million grant for the EuroAsia Interconnector in July. It would be a section of the interconnectors that go to Israel and Egypt. Another interconnection project is under development for connecting the island with Attica, where Athens is located. The other line should be finished next year. Another envisaged corridor is the EuroAsia Interconnector, which should go from Israel through Cyprus to Crete and onto the Greek mainland.Ĭrete and Cyprus are set to be interconnected with Greece’s mainland, Israel and Egypt when the two major corridors are completeĪdmie already installed a cable from the Peloponnese peninsula to Crete. It is envisaged for linking its mainland with Cyprus and Egypt through Crete. Greece is already part of the EuroAfrica Interconnector project. Admie is examining what the best route would be: to Crete, the Peloponnese or even Attica. The report adds private partners could participate in the project with Egypt. It is also working with Italy on a 1 GW submarine cable link below the Ionian Sea, on top of the existing one with a capacity of 500 MW. Greece is boosting the capacity of the high-voltage interconnection with Bulgaria. From the entry points, it can be transmitted through existing and planned infrastructure to Central and Western Europe. The idea behind setting up links between the two continents is to deliver renewable electricity from North Africa, where significant green energy production capacity is about to be built, to the European mainland. Significant green energy production capacity is planned to be built across North Africa The Independent Power Transmission Operator (Admie or IPTO), which is the Greek TSO, is preparing a memorandum of understanding with its Egyptian counterpart EETC about a submarine interconnector with the capacity of 2 GW, the news outlet wrote, citing an unnamed source. The two companies have strong competition as numerous other bilateral endeavors are underway. The transmission system operators of Greece and Egypt have the ambition to install an undersea cable between Europe and Africa, EnergyPress reported. Several other projects are under development for the delivery of renewable energy from Africa to Europe. The US wrote off the idea, but Papanastasiou said the European Union still considers the longer pipeline as an option.Ĭyprus and US energy company Chevron are still trying hammer out a deal reconciling differing approaches to developing the Aphrodite gas field, the first to be discovered off Cyprus and which is estimated to hold 4.2 trillion cubic feet of gas.Ĭhevron wants to send the gas to Egypt through a pipeline, but Cyprus wants to process it on a floating production facility because it would be more economically beneficial for the Cypriot government and would lend more flexibility to supplying other markets.Greece and Egypt are in talks about the possibility to lay a 2 GW submarine interconnector on the bottom of the Mediterranean Sea and link their electricity systems. It would be a truncated version of a much longer pipeline intended to convey east Mediterranean gas directly to Greece. “There are security challenges, therefore Israel casts a very positive eye to its electricity connection with Cyprus and Greece, which essentially connects it with the European grid,” the minister said.Ĭyprus pitched Israel earlier this year on the idea of a pipeline to carry Israeli and Cypriot natural gas from offshore deposits to the island for processing and eventual export. According to Papanastasiou, Israel wants to expedite projects that would enhance its electricity supply because some estimates indicate the country will experience a shortage in three to four years.
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