Greece to participate in new gas pipeline

Jun 26, 2007 02:00 AM

Greek Prime Minister Costas Karamanlis announced Greece's participation in the construction of the new South Stream natural gas pipeline, linking Russia with Europe through Greece.
Karamanlis made the remark after meeting in Istanbul with Russian Federation President Vladimir Putin. Karamanlis said that the pipeline will strengthen energy security and the diversity of natural gas corridors to the European Union. Greece examined the issue with Russia, Bulgaria and Italy and is ready for the project to go ahead, he added.

"The benefit for all the countries of Europe will be considerable. The pipeline, together with the Burgas-Alexandroupolis oil pipeline and the Turkey-Greece-Italy natural gas pipeline, will make Greece an international energy cents, not only for oil and electric power, but for natural gas as well," Karamanlis said.
Karamanlis also referred to the excellent climate existing in relations and in cooperation between Greece and Russia and stressed that what has been agreed on the Burgas-Alexandroupolis oil pipeline is moving ahead.

President Putin stressed his satisfaction over the level of bilateral relations and pointed out that the Burgas-Alexandroupolis pipeline is going ahead. He said all sides agreed on the Burgas- Alexandroupolis oil pipeline and now is the time to proceed with the implementation of other phases as well.
The meeting took place on the sidelines of the Black Sea Economic Cooperation Organization's summit, held here to mark its 15th anniversary, and focused on Greek-Russian relations.

Source: Xinhua News Agency
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