Greece as an energy hub
Situated in a strategic position in the Eastern Mediterranean, Greece can fulfil many roles as a link between East and West – both geopolitically and in terms of communications and commerce. The US now regards Greece as its reliable partner for projecting American power in the Middle East, with an important base at Souda, and plans to increase its presence at Alexandroupolis in the northern Aegean. As we reported in a recent post, Greece will play a central role in the proposed new Indian Silk Route which aims to bypass the Suez Canal in transporting goods from India to Europe. With the two undersea electrical connections between Crete and the Greek mainland now in operation and plans for further undersea links with Cyprus and Israel via the Great Sea Interconnector, and with Egypt via the GREGY (Greece-Egypt-Europe) Interconnector, there is the prospect of Greece becoming a critical link in the supply of green energy to Europe. The country became an net exporter of electricity in 2024.