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Greece – Turkey: Power Swap Deal

(GREEK NEWS AGENDA) Greece‘s Development Minister Christos Folias signed a power swap deal with his Turkish counterpart in Istanbul on July 2, in a bid to solve the anticipated rise in power consumption.  In his speech at the 5th International Energy Forum, which was held in Istanbul, Folias stressed that regional energy cooperation and development is a matter of pivotal strategic importance to both Greece and Turkey. “It is our conviction that the nations making up the geopolitical triangle, Eastern Mediterranean, the Black Sea and the Caspian Sea, will enjoy a constantly mounting role in the world balance of energy market in the near future,” Folias said. Secretariat General of Information: World Media on Greece – Politics, Business and Current Affairs;