officials declared it as not viable.īut it may have gotten a second wind in the wake of Russia’s invasion of Ukraine last year that compelled Europe to scramble for alternative sources of energy.Ĭohen added that Israel would also boost military cooperation through joint military exercises and arms procurements, while information sharing between the three countries’ intelligence agencies would “remain for the stability of our region.”Ĭyprus will host a meeting of the three countries’ leaders later this year. The project has in recent years fallen in and out of favor with planners after U.S. Israeli Foreign Minister Eli Cohen said his country attaches “special importance” to renewable energy.įunding for about a third of the EurAsia Interconnector’s 1.6 billion euro ($1.74 billion) price tag will come from the EU’s Connecting Europe Facility, which bankrolls infrastructure projects.įeasibility studies on the proposed 1,900-kilometer (1,300-mile), $6 billion EastMed pipeline are still ongoing. About 310 kilometers in length will link Israel and Cyprus, some 900 kilometers between Cyprus and Crete, and about 310 additional kilometers from Crete to mainland Greece. “We talked about the East Med pipeline, as you would expect us to do, and also the strategic importance of the Eurasian interconnector between Greece, Cyprus, Israel,” Dendias said, extending an invitation to Turkey - Greece’s neighbor and longtime regional rival - to join in as long as it heeds international law. The cable will stretch over 3 three sections of the Mediterranean Sea. Nexans Norway was selected in July 2022 as he preferred bidder for the award of the contracts for the engineering, procurement, construction and installation of the two HVDC cable systems for the first phase of the interconnector.Greek Foreign Minister Nikos Dendias said the EU’s engagement in a regional forum created to promote cooperation on energy generation “showed that the eastern Mediterranean plays an important role as an alternative energy corridor.” Israel is recognising Greeces claim to (at least) their part of Cyrus, Greece and by association the EU are recognising Israels right to exist and stating that theyll be connected (literally by. Reporting by Michele Kambas Editing by Alexander Smith Our Standards: The Thomson. In January 2022, EU countries agreed to invest €657m in the project under the Connecting Europe Facility (CEF). Cyprus is contested between Greece and Turkey, Turkey has been becoming a hell of a lot less secular recently and is a serious player in the region. 17 minutes ago &0183 &32 Cyprus and Israel are also looking at expediting a link of their electricity grids via a subsea cable, he added. The interconnector secured a €100m grant from the European Commission in July 2021. Its total offshore length is 1208 km (310 km Cyprus to Israel, 898 km Cyprus to Crete), while its onshore length is 25 km. Help JNS grow (Janu/ JNS) Israel, Cyprus and Greece will get 657 million euros (more than 730 million) from the European Union to construct a 2,000-megawatt undersea electricity cable to link the power grids of the three nations, said Cypriot Energy Minister Natasa Pilides on Thursday. At full deployment, the 500 kV interconnector will allow the transfer of 2,000 MW. Israel, Cyprus and Greece on Monday signed a memorandum of understanding regarding a project to link their power grids via the construction of the worlds. The East Med gas pipeline and a subsea electricity grid interconnection to link Israel with Greece and Cyprus, projects whose prospects have grown as a. The project, listed under the fifth EU list of Projects of Common Interest (PCI), is a multi-terminal high-voltage, direct current scheme which will connect the transmission networks of Greece, Cyprus and Israel, and will comprise three converter stations with sea-electrodes, interconnected by cables. As a second phase, once the Cyprus to Crete project is completed, an electricity link between Cyprus and Israel will be constructed. Commissioning is scheduled by the end of 2026. Cyprus is the last non-interconnected EU member state. Greece and Cyprus have started building the first phase of the EuroAsia interconnector, which will consist of a 1,000 MW undersea cable connecting the electricity grids of the two countries via Crete.
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