Swiss EGL to build gas pipeline from Greece to Italy

Apr 07, 2005 02:00 AM

Switzerland's Elektrizitaets-Gesellschaft Laufenburg, or EGL, plans to build a natural gas pipeline from Greece to supply four of its power plants in Italy, a company official said.
The pipeline would travel through Albania and a feasibility study for the 230-km pipeline is being conducted now, said Robert Klein, head of European logistics.

EGL, the international subsidiary of Swiss energy company Axpo, needs to supply four power plants it is building in Italy with 3.5 bn cm of natural gas. The stations would produce 800 MW of electricity.
The pipeline -- which would link with the Greek system and travel through Albania and the Adriatic Sea to Italy -- would transport 10 bn cm of gas annually.

"For us the most economic solution was to build a pipeline via Southeast Europe to Italy," Klein said, adding that construction should begin in mid-2007 and end by early 2009.
The company plans to spend EUR 250 mm on the land pipeline and compression station in Vlora, and EUR 180 mm on the offshore section to Italy, Klein said.

Source: Dow Jones
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