Abu Dhabi’s TAQA Looks into Cyprus Interconnector Project

Thursday, February 27, 2025
© katestudio / Adobe Stock

Cyprus's Energy Minister, George Papanastasiou, said on Thursday that Abu Dhabi's TAQA is interested in investing in and supporting the delivery of an electricity connection project the country is developing.

The project is the Great Sea Interconnector (GSI) cable which will link transmission networks of Europe to Cyprus in a project costing 1.9 billion euros ($2.12 billion), and later stretch to Israel.

Speaking at the Investopia conference in Abu Dhabi, Papanastasiou told Reuters that the Abu Dhabi National Oil Company (ADNOC) has expressed interest in Cyprus's Exclusive Economic Zone (EEZ) and is seeking assets that are "ready to go."

Papanastasiou said that the possibility of entering a new licensing round with ADNOC for exploration purposes was not ruled out.

ADNOC previously expressed interest in Cyprus's emerging natural gas sector, the minister confirmed to Reuters in November.


(Reuters - Reporting by Federico Maccioni and Abinaya Vijayaraghavan; Writing by Tala RamadanEditing by Tomasz Janowski)

Categories: Middle East Offshore Energy Subsea Industry News Activity Europe Mediterranean Sea Interconnectors

Related Stories

Subsea7 Gets Work Offshore Egypt

Subsea7 Gets Work Offshore Egypt

Semco Maritime Gets Iberdrola’s Baltic Hub Substations Service Job

Semco Maritime Gets Iberdrola’s Baltic Hub Substations Service Job

Vallourec Bags ADNOC Order for Tubular Solutions

Vallourec Bags ADNOC Order for Tubular Solutions

Current News

Perenco Brings Woodside’s Trinidad Oil and Gas Assets Into Its Fold

Vallourec Brings CNOOC, Petrochina as New Clients in Iraq

Germany’s SEFE Inks Three-Year LNG Supply Deal with ADNOC

Shell Secures Drilling Permit off South Africa's West Coast

Subscribe for OE Digital E‑News

Offshore Engineer Magazine