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

Analyst Orestis Omran, during an interview at the OT.gr studio within TIF: 'Implementation of the project will contribute to lifting Cyprus' energy isolation'

According to Greek Energy and Environment Minister Thodoros Skylakakis, 'what we expected didn’t occur' in relation to Great Sea Interconnector

If the provisions of the draft agreement are implemented, the project becomes viable and avoids a summary collapse

A €2 billion Israel-Cyprus-Greece power connection hangs in the balance, with Greece's Independent Power Transmission Operator urging French multinational Nexans to give more time

Reports indicate that talks between the parties reached a dead end on Friday, with the Cypriot side failing to respond to French pressure to resolve outstanding issues (cost recovery, geopolitical risks)

The head of Greece’s Independent Power Transmission Operator said a decision by Cyprus’ Energy Regulatory Authority makes the project non-viable

The Great Sea Interconnector project is characterized as a 2,000MW cable originally conceived in 2017 to bolster energy security in the wider region