A fresh window has opened for US involvement with the GSI (Great Sea Interconnector), with Washington exploring potential participation in the long-delayed Greece–Cyprus electricity interconnection project. According to reporting by Greece’s Kathimerini, discussions are under way regarding new investors- including American institutions- aimed at strengthening both the project’s geopolitical value and its financial viability.
DFC seen as key player
A central role could be taken by the U.S. International Development Finance Corporation (DFC), the organisation the US uses to support strategic infrastructure in regions where Chinese influence is prominent. The move is also tied to the broader planning behind the India–Middle East–Europe Corridor (IMEC), where Greece and Cyprus are pushing for a central role.
Renewed diplomatic activity
This renewed momentum was visible both in Wednesday’s meeting between Greek Prime Minister Kyriakos Mitsotakis and President Nikos Christodoulides in Athens, and in recent contacts in Brussels. The Greek and Cypriot energy ministers reportedly emphasised to EU Commissioner Dan Jørgensen the need for an immediate update of the project’s technical and financial parameters in light of new investor interest.
Mitsotakis stated that the revision of the techno-economic data will proceed without delay, while the European Commission is expected to remain involved as a guarantor due to the GSI’s geopolitical significance. However, the need for updated studies means the project will face further delays.
Washington talks to shape next steps
A critical moment will come in the upcoming four-party meeting of the energy ministers of Greece, Cyprus, Israel and the United States in Washington, where the potential inclusion of the GSI within the IMEC framework will be discussed- a step that could formally legitimise the US involvement with the GSI project.
Meanwhile, Athens is promoting the idea of a five-party forum including Greece, Cyprus, Turkey, Egypt and Libya. Christodoulides, in an interview with the Financial Times, called for closer alignment between Europe and the US, noting that American leadership under Trump is generating “positive developments” in the region.
Also read: Christodoulides: EU should align with Trump’s Middle East strategy
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