Updated PCI list for energy projects covering 2015 to 2017 ‘finalized’

The European Commission’s updated list of Projects of Common Interest (PCI) for the period covering 2015 to 2017 was finalized this week, the Greek Economy Ministry’s General Director for Strategic Investments, Nikolaos Agaliotis, told a business and investment forum, Natural Gas and Growth, in Athens today.

Agaliotis, who was in Brussels just days ago, informed the forum that the PCI list concerning locally linked energy infrastructure projects – PCI status ensures EU funding – is comprised of the IGB interconnector to link Greece and Bulgaria; an LNG terminal to be developed in Alexandroupoli, northern Greece, by DEPA, the Public Gas Corporation, and Gastrade, a company belonging to the Copelouzos corporate group; a DESFA (gas grid operator) natural gas compressor station; the TAP (Trans Adratic Pipeline) project; the Greece-Italy segment of the Poseidon (ITGI) pipeline; East Med, a prospective network of submarine and overland pipeline infrastructure to offer a direct link for deposits in the southeast Mediterranean area with the European gas network via Greece; and the local segment of the Tesla gas pipeline, planned to cross Turkey, Greece, the Former Yugoslav Republic of Macedonia (Fyrom), Serbia, and Hungary, before ending at the Baumgarten gas hub in Austria.

Tesla was a last-minute addition to the PCI list as a result of interest being expressed for the project’s development, Agaliotis noted.

The forum, a two-day event, concludes tomorrow.