Greece reaffirmed commitment to the continuation of the “Turkish stream”

Greece reaffirmed commitment to the continuation of the “Turkish stream”


At the talks with Russian energy Minister Alexander Novak, the Secretary General of the Greek foreign Ministry yorgos Tsipras discussed the issues of energy cooperation focusing on the promotion of South-European gas pipeline.

ATHENS, 16 Oct. Gennady Melnik. The Secretary-General of the Greek foreign Ministry international economic Affairs Giorgos Tsipras held talks with Russian energy Minister Alexander Novak and head of the Department for management of projects of Gazprom Leonid Chugunov, during which confirmed the commitment of the Greek authorities to continue the project “Turkish stream”, said the Greek foreign Ministry.

The talks were held on 13 and 14 October in Moscow. With Novak discussed energy cooperation with an emphasis on the promotion of South-European gas pipeline (continuation of the “Turkish stream” in Greece — ed.). “In particular, the relatively new European gas pipeline, both sides reaffirmed their commitment to the project, because this energy project will bring significant benefits to both countries”, — said the foreign Ministry.

Tsipras also met with the head of the Department for management of projects of Gazprom and the project Manager of a new European gas pipeline Chugunova, they discussed the progress and reaffirmed the willingness of both parties to promote and complete the project, said the foreign Ministry.

Giorgos Tsipras October 15, participated in the international forum in Bucharest, where he stressed the need to diversify energy sources and routes of pipelines. He said that Greece within the European energy Union is working with countries in the region and with other partners to ensure the promotion of large energy projects, such as the TRANS-Adriatic pipeline, “vertical corridor”, a new European gas pipeline and connecting the interconnectors.

Greece and Russia at the St. Petersburg international economic forum in June signed an intergovernmental Memorandum on cooperation in the construction of the continuation of the gas pipeline “Turkish stream” on the territory of Greece.

The project was named “South-European gas pipeline” (SEP). For its realization it is planned to create a joint project company that will be the owner of the SEP project and be responsible for the maintenance of the project. The cost of the SEP is estimated at about 2 billion euros. Construction will begin in 2016 and end in late 2019.