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Athens News Agency: News in English, 05-05-03

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

  • [01] Greek-Italian natural gas pipeline works to begin soon, development minister says

  • [01] Greek-Italian natural gas pipeline works to begin soon, development minister says

    Construction of a Greek-Italian natural gas pipeline is due to begin in the next few weeks, Development Minister Dimitris Sioufas said on Tuesday, after a meeting of International Energy Agency (IEA) ministers in Paris.

    In talks with his Italian counterpart Claudio Scajola, it was agreed that Greece and Italy should sign a bilateral protocol for speeding up implementation of a Greek-Italian natural gas pipeline, whose operation will make Greece and Italy a major energy conduit for natural gas from the Caspian Sea to the larger European markets.

    Sioufas and Scajola agreed to create a Greek-Italian committee charged with drafting the protocol. This decision comes on the heels of a memorandum of intention signed by Greece's Public Gas Corporation (DEPA) and Italy's Edison on April 27 for the construction of the pipeline.

    "This is a very significant development," Sioufas said in reference to the agreement between the two companies. "[This pipeline] in combination with the Greek-Turkish natural gas pipeline, on which work will soon commence, creates an energy ring linking Turkey, Greece and Italy and consequently all of Europe for the transfer of natural gas from the countries of the Caspian Sea," Sioufas told reporters.

    Regarding the Turkish-Greek natural gas pipeline, Sioufas met with his Turkish counterpart Mehmet Hilmu Guler with whom he discussed the details of beginning construction on the project as well as expanding the two countries' cooperation on other energy-related issues.


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