Cyprus, EU Launch Project to Link Island to European Grid
Cyprus launched an EU-funded project on Friday, October 14, to link the eastern Mediterranean island to the European electricity grid via an undersea power cable billed as the world’s longest and deepest.
The European Union has approved 757 million euros ($736 million) in funding for the 1,200 kilometer (750 mile) cable to Greece, which will end the island’s “energy isolation” as the only member state without any gas or electricity connection.
The EU’s executive arm, the European Commission, has said the “898 kilometers of undersea cables and maximum sea depth of 3,000 meters will set new world records for a project of this kind.” Speaking at the launch ceremony, EU Energy Commissioner Kadri Simson said the surge in energy costs sparked by Russia’s invasion of Ukraine earlier this year had underlined the project’s importance.
Simson said it would help Europe diversify its sources of energy and boost its energy security. She told the East Mediterranean Gas Forum conference in the Cypriot capital that the region can play an increasingly important role as a short- to medium-term supplier of gas and pointed to a June deal for Israel to send more gas to EU countries through Egypt, which has facilities to liquefy it for export by sea. (TOI / VFI News)
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