Greece interested in ‘European gateway role for Cypriot, Israeli gas’

Greece is interested in serving as a gateway for Cypriot and Israeli natural gas supply to Europe, either through tankers transporting supply from export stations operated by the two neighboring countries, as well as Egypt, or through a direct East Med submarine gas pipeline link, Greece’s energy minister Panos Skourletis noted in a written statement prepared for the 4th edition of the Energy Symposium in Cyprus. The minister’s note was read at the event by an official of the Greek Embassy in Cyprus.

Greek is striving to establish itself as an energy hub in southeast Europe and the east Mediterranean to contribute to the region’s energy security, the minister’s note added, while adding that heightened activity leading to this objective has been observed in the region lately.

Greece is seeking to play a central role as a regional hub, while the development of the IGB Greek-Bulgarian pipeline interconnection; the TAP (Trans Adriatic Pipeline), to supply Azeri natural gas to Europe via Greece; a prospective LNG terminal in Alexandroupoli, northeastern Greece; and Russia’s new gas pipeline proposal for the Southern Corridor, envisioned to run westward through northern Greece and across to Italy, are all  key components of the overall plan, the minister noted.

The minister’s note added that the East Med pipeline, to be comprised of a network of submarine and overland infrastructure offering a direct link for deposits in the southeast Mediterranean area with the European gas network via Greece, is another crucial element in the plan to establish Greece as a new regional energy hub.

Skourletis’s note highlighted that the discovery of natural gas deposits in the sea region between Cyrpus, Israel, and Egypt promises to alter the region’s geopolitical standing and establish a central role for Cyprus on the southeast Mediterranean’s energy map.

Utilization of Greece’s renewable energy potential could greatly contribute to the diversification of the country’s energy mix, and also offer energy security, and environmental protection, the minister’s note added.

The two-day event, whose theme this year was “Energy: Time for Decisions”, concluded yesterday.