Tuesday, April 21, 2015

Turkish Stream gas pipe link to Greece should comply with EU norms (European Commission)

The Moscow-led project to build a gas pipeline across the Black Sea to Greece via Turkey should comply with the European Union’s standards, European Commission spokeswoman Anna-Kaisa Itkonen said on Tuesday.

"We’re ready to make a technical evaluation of this project but only when we can see its details. With regard to this project, as well as the South Stream [gas pipeline] project, we can say that all gas transportation projects on the territory of the European Union should fully comply with the EU norms," the spokeswoman said.

Greece to sign gas pipe deal with Russia soon

Greece and Russia will in the coming days sign an agreement on building a gas pipeline on Greek territory to link the Moscow-led Turkish Stream project with Central Europe, Greece’s Productive Reconstruction, Environment and Energy Minister Panagiotis Lafazanis said last week.

The Greek minister’s statement came after he held talks in Moscow on March 30 with Russian Energy Minister Alexander Novak and Gazprom head Alexey Miller.
The project will require about €2 billion in investment and will create 2,000 jobs, the minister said.

The construction of the gas pipeline’s Greek stretch will yield benefits for the Hellenic Republic "as it will make gas cheaper on the domestic market, turn Greece into an energy hub and will help avoid debts as a result of the refusal from the ‘take or pay’ clause, which stipulates payment for gas, even if it is not taken, which is topical for Greece due to reduced blue fuel consumption," the Greek minister said.

Greece will also get a possibility to receive direct financing from Russia to be counted towards revenues, which the Hellenic Republic will receive after 2019 for gas transit, when the gas pipeline begins to function, the minister said....



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