Greece Cyprus cable

The changes to the current legislation involve some crucial political and regulatory modifications

Cyprus' cabinet has approved one of the four pending issues regarding the €2 bln Greece-Cyrpus Great Sea Interconnector (GSI) project. Greece's PM Mitsotakis and Cyprus' President Christodoulides will meet in Athens Thursday to discuss the project.

The primary difference in talks between Greece and Cyprus over Great Sea Interconnector project appears to be cost-sharing

Both Greek, Cypriot energy ministers merely note that negotiations will continue; Nicosia has tabled reservations over cost-sharing, project's viability

The 2-billion-euro Israel-Cyprus-Greece project, the Great Sea Interconnector (the GSI cable), remains in limbo over financial, geopolitical concerns

Linking grids of Israel, Cyprus and Greece, ie mainland Europe, of geopolitical importance for EU; Cypriot concerns cited costs to consumers