Russian President Vladimir Putin is about to announce a new pipeline to transport Russian gas across the Black Sea to Bulgaria, Greece and Italy during his visit on May 28 in Athens, local newspaper "Kathimerini" reports. The future gas pipeline from Russia to Italy via Bulgaria and Greece will use the planned interconnector at the bottom of the Ionian Sea between Greece and Italy (IGI).
Under the headline "What brings Putin to Greece", "Kathimerini" claims that the Russian head of state will launch a project, which in a large part is coinciding with the previously frozen South Stream pipeline.
The announcement would be completely logical, especially given that the memorandum for the construction of the Interconnector Turkey - Greece - Italy (ITGI) was signed at the end of February in Rome. This project, combined within the planned Southern Gas Corridor bringing gas from Turkey through Greece to Italy.
The sea section of the ITGI project is called Poseidon and is expected to combine the gas transportation systems of Greece and Italy. IGI Poseidon S.A. consists of the the Italian company Edison SpA and Greek firm DEPA SA.