GSI and GREGY projects aim to turn Greece into Europe’s energy gateway

The Great Sea Interconnector (GSI) and the GREGY link are major electricity transmission projects that could transform Greece into a central energy hub for Europe. GSI would connect Greece, Cyprus and Israel, while GREGY would link Greece with Egypt. Proponents say the interconnections could lower electricity prices, strengthen regional energy security and end Cyprus’s current electricity isolation.

At the Energy Corridors conference, Ontinos Levratis, CEO of Petrolina, emphasized that “if we can make it happen, we’ll be on a very good road,” noting the strategic role of Cyprus in the network. Kyriacos Ioannou, director of Cyprus’s Energy Ministry, added that the links would allow surplus power to be transmitted across borders and support Europe’s broader grid diversification. The projects are still in the design phase, and officials are urging a shift toward concrete implementation.

If realised, the interconnectors would create a new energy bridge between Europe and the Middle East, diversifying supply sources and contributing to the region’s long‑term energy resilience.