The European Commission has always supported and keeps supporting the Great Sea Interconnector (GSI) as a key strategic energy link, the European Commissioner for Energy and Housing, Dan Jørgensen, said on Tuesday after separate meetings that he held in Nicosia with the Ministers of Energy of Greece and Cyprus, EIB and the project's promoter

"The European Commission has always supported and keeps supporting the Great Sea Interconnector as a key strategic energy link to end Cyprus' energy isolation, to secure the stability of the electrical network throughout the entire island, and fundamentally to lower electricity prices,’’ he pointed out in a written statement.

"But beyond Cyprus, this is project which can really enhance regional security of supply and market integration, as well as accelerate the integration of cheap and sustainable renewable energy in the Eastern Mediterranean, especially at a time when we are facing yet another energy crisis related to our dependency on imported fossil fuels," he added.

Commissioner Jørgensen went on to say that "the Commission’s commitment has been crystal clear: To facilitate the implementation of the GSI, we have granted the project the status of Project of Common Interest under the EU rules for cross-border energy projects. And we have also awarded it with a grant of around EUR 658 million under the Connecting Europe Facility, one of the biggest CEF grants ever.’’

‘’More recently, we have doubled down on our support by designating this project as one of the eight Energy Highways we wish to prioritise to complete our Energy Union,’’ he noted.

"In this spirit, I have convened a meeting today in Nicosia with the Ministers for Energy of Greece and Cyprus. Together, we also met separately with the project promoter and with the European Investment Bank, to give new impetus to its implementation,’’ he concluded.

CNA/PH/EPH/2026

ENDS, CYPRUS NEWS AGENCY