Neutral
Informational - no clear directional impact
Low Impact
Minor progress or informational
Eunice Energy Group, leading the Greece–Africa Power (GAP) Interconnector consortium between Greece and Egypt, signed a memorandum of understanding with McDermott to cooperate on the 2 GW GAP electrical interconnection, under which McDermott will provide engineering and construction guidance for the subsea and deepwater scope. The partners present the MoU as a strategically important step to advance the project’s development and support regional energy security by enabling clean power transfers between Egypt and Europe via Greece.