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Houthi attacks target Riyadh amid concerns over Saudi oil supplies, as Iran says it will not reopen the Strait of Hormuz until its conditions are m...
Georgia is positioning itself as a future energy bridge between the Caspian and Europe, backed by major infrastructure plans and growing EU support. But behind the ambitious pitch lies a far more complicated political reality.
This week, Georgia’s Economy Minister, Mariam Kvrivishvili, took to the stage at the Athens Energy Summit alongside more than 270 representatives from South-Eastern Europe and the Eastern Mediterranean. The room carried considerable political weight: Greek Prime Minister Kyriakos Mitsotakis, Israeli President Isaac Herzog, the Secretary General of the Gulf Cooperation Council, and senior European Commission officials were all in attendance.
At the ministers’ panel focused on delivering the 2030 energy transition, Kvrivishvili outlined Georgia’s targets clearly. The country aims to reach 11,500 megawatts of installed capacity within the next decade, commit more than one billion U.S. dollars to transmission infrastructure, and shift from energy self-sufficiency towards becoming an active electricity exporter. Georgia also reaffirmed its role within the Green Energy Corridor, a regional framework spanning Azerbaijan, Georgia, Romania and Hungary.
The audience, the platform and the timing were all deliberate.
The flagship project underpinning Georgia’s energy strategy is the Black Sea Submarine Cable, a 1,195-kilometre high-voltage underwater transmission line running from Anaklia on Georgia’s coast to Constanța in Romania. The cable is designed not only to carry Georgian renewable energy westwards, but also to serve as a transit route for Azerbaijani wind and solar power directly into the European grid.
The project has already passed several significant milestones. In December 2025, the European Union formally granted it Project of Mutual Interest status, unlocking accelerated permitting procedures and access to EU co-financing mechanisms. A full technical and economic feasibility study, completed by Italian consultancy CESI in July 2024, concluded that the project is both viable and strategically worthwhile.
The financial scale is considerable. Total investment is estimated at around €3.5 billion, with EU grant funding potentially covering between 30 and 75 per cent of costs. The World Bank has already approved a 35 million U.S. dollar loan for preparatory work under its ESPIRE programme, which carries a potential financing envelope of up to 500 million U.S. dollars across three phases.
On paper, the momentum appears genuine.
A closer look at the figures introduces some caution. Georgia allocated 25 million GEL in its 2025 budget for cable development, yet only 6.5 million GEL had been spent during the first ten months of the year. A further 25 million GEL has been proposed for 2026. The project remains firmly in its preparation and assessment phase, and construction has yet to begin.
This gap between commitment and expenditure is not unusual for infrastructure projects of this scale and complexity. Marine surveys, environmental assessments and procurement processes take time. But it does mean that Georgia’s ten-year energy vision, however credible in presentation, remains a plan rather than a delivery.
The Green Energy Corridor adds a multilateral dimension that strengthens Georgia’s position. Being embedded within a framework that includes Azerbaijan, Romania and Hungary, with institutional backing from the EU, makes the project harder to dismiss as a purely bilateral arrangement and gives it a degree of resilience that a narrower agreement would lack.
This is where the story becomes more complicated.
The government presenting Georgia as an indispensable European energy partner is simultaneously facing sustained criticism from its closest Western allies. Georgian Dream’s foreign agents law, closely modelled on Russian legislation, has been condemned by both NATO and EU officials. The European Parliament does not recognise Georgia’s current parliament as legitimate. Earlier this year, the EU Council ended visa facilitation for Georgian diplomats, while Western partners imposed targeted sanctions on senior officials.
Georgia’s ruling party insists it remains committed to EU integration by 2030. European institutions, however, increasingly describe that claim as being at odds with the government’s actions domestically.
This creates a structural tension that no summit appearance can fully resolve. The cable project is supported by the EU not because relations with the Georgian government are particularly warm, but because the strategic logic - diversifying European energy supplies away from single-source dependency - remains compelling regardless of who is in power in Tbilisi.
The infrastructure serves European interests. That is not the same thing as European confidence in Georgia’s democratic trajectory.
Georgia’s appearance in Athens is best understood as a display of economic and infrastructural relevance at a moment when its political standing with the West is under genuine strain. The message being projected is clear: whatever the diplomatic tensions, Georgia remains too important as a transit and energy state to be sidelined.
That argument carries real weight. The South Caucasus corridor linking Caspian energy resources to European markets runs through Georgia by geography, not by political favour. No degree of political friction changes that reality.
But relevance is not the same as trust, and infrastructure is not a substitute for the rule of law. Europe may ultimately build the cable with Georgia. Whether it deepens its broader relationship with the country will depend on decisions that no energy minister, however capable, can make from a summit stage in Athens.
Iran's Revolutionary Guards Navy said a Togo-flagged oil tanker was struck while attempting to make an “illegal passage” through the Strait of Hormuz, Iranian state media said early on Friday.
Saudi civil defence sent an all-clear on Saturday after issuing alerts for a second time for potential danger in Riyadh and the city of Al-Kharj east of the capital, amid an uptick in attacks by Iran-aligned Houthis on the Gulf country.
The European Union will disburse €3.3 billion ($3.8 billion) to Ukraine for missiles and drones, European Commission President Ursula von der Leyen said after a phone call with Ukrainian President Volodymyr Zelenskyy.
The U.S. State Department approved a $2.7 billion military sale to Ukraine for air-defence development upgrades, along with related equipment and services, the department said. Meanwhile, Ukrainian authorities reported at least 10 people had died in Russian attacks over the last 24 hours.
Houthi attacks target Riyadh amid concerns over Saudi oil supplies, as Iran says it will not reopen the Strait of Hormuz until its conditions are met and U.S. commitments are implemented, parliament speaker Mohammad Bagher Ghalibaf said on Sunday.
Israeli President Isaac Herzog has cleared the criminal record of former soldier Elor Azaria, who was convicted of manslaughter for shooting dead a wounded Palestinian in the West Bank in 2016.
Saudi civil defence sent an all-clear on Saturday after issuing alerts for a second time for potential danger in Riyadh and the city of Al-Kharj east of the capital, amid an uptick in attacks by Iran-aligned Houthis on the Gulf country.
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