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Athens Macedonian News Agency: News in English, 14-11-11
CONTENTS
[01] Energy Minister: Hydrocarbons exploitation will benefit neighbouring
countries
[01] Energy Minister: Hydrocarbons exploitation will benefit neighbouring
countries
ANA/MPA---The partnerships between Greece-Cyprus-Israel and Egypt are
not against anyone, but reach out to all the countries of the region
to participate, Energy Minister Yiannis Maniatis said on Tuesday at a
conference of the Institute of Energy of South East Europe.
"They mark Greece's choice to become a pole of stability and development
in the region. The exploitation of hydrocarbons should be a good example
of development, as was the case in Great Britain and Norway, and the
leaders of the neighbouring countries are wise enough to understand that
this will benefit their people," Maniatis underlined.
The minister also stressed that Greece is endowed with resources that
can reduce its energy dependence.
Maniatis announced that the HRADF will proceed with a tender for the
creation of gas storage in the deposit of South Kavala. The storage,
the minister said, will be one of three possible sources of supply of
the Greek-Baltic vertical pipeline, which according to estimates of
the Greek side, can be operational as of 2017, as it does not require
major investments, but only the linking of the existing networks of the
countries in the region. The other two sources are the TAP pipeline and
the floating LNG plants planned in Northern Greece.
The TAP and the Greece-Baltic pipelines as well as the East Med one
designed to transport natural gas from the eastern Mediterranean to Europe
via Crete and mainland Greece are included, according to Maniatis, in
the government's strategy for the promotion of the country as a regional
gas hub. "Greece-Italy's pipeline was and still is among the Greek and
EU priorities," he said.
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