Greece and Egypt examine routes for gas supply

May 14, 2006 02:00 AM

Athens and Cairo are examining three alternative routes for the transport of natural gas from Egypt to Greece, Development Minister Dimitris Sioufas said.
Speaking after completing an official visit to Saudi Arabia, Qatar, Bahrain and Egypt, the Greek minister said he saw increased interest for investments in Greece by Arab interests and major opportunities for Greek enterprises in the Arab world, currently in a phase of strong economic growth.

Sioufas said a sea line between Alexandria with Crete and Piraeus would be announced soon.
The minister said the two countries were examining three alternative solutions for the transport of natural gas from Egypt to Greece: first, through a pipeline linking Egypt, Jordan, Syria and Turkey, currently under construction, second, using LNG vessels and third, building an undersea pipeline linking Egypt with Crete (the most remote solution).

Sioufas said these discussions did not affect relations with other countries, such as Russia and Algeria which have long-term natural gas supply contracts. The Greek minister met with Egyptian businessman Sahim Sawiries, owner of Italian telecoms company Wind, which owns 50 % plus one share and the management in Tellas, the telecommunications arm of the Public Power Corp.
Sioufas said the Egyptian entrepreneur has unveiled "interesting plans" for Tellas and for investments in other business sectors.

Commenting on a project to build an oil pipeline from Burgas, Bulgaria, to Alexandroupolis, Greece, Sioufas said both sides needed to speed up efforts, while he announced a meeting of a joint Greek-Russian commission in Athens, in June, to discuss energy relations between the two countries.

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