Greece Is Becoming a New Energy Supplier in Europe, Energy Min Maniatis Says

The fact that Greece plans and implements three pipelines to supply the EU with natural gas constitutes a powerful tool in the negotiation of national and economic issues, Environment, Energy and Climate Change Yiannis Maniatis said at the conference of the American-Hellenic Chamber.

These are the TAP pipeline, the central interconnection corridor of Greece, Bulgaria, Romania and Hungary and the East Med pipeline that will transport natural gas from the Eastern Mediterranean through Crete and mainland Greece to Europe, for which, as the minister said, official announcements will made next week in Brussels. "Greece and Cyprus for the first time look other partners in the eyes and state their intention to become a new source of energy supply in Europe," Maniatis said.

He noted that the pipeline is technically and economically feasible, cheaper than other alternatives and that it is implied that it will also be supplied with Israeli natural gas. Maniatis also expressed confidence that Greek deposits, which will also feed into the new pipeline, will be found.