Gas Crisis did not Affect Greece

(GREEK NEWS AGENDA)   Attending an extraordinary EU energy meeting in Brussels on January 12, which marked the resumption of gas supplies towards the EU, the newly appointed Development Minister Kostas Hadjidakis stressed that “ever since the beginning of the crisis, Greece has been actively engaged in the effort of the EU to overcome the implications of the crisis, while two of the EU observers sent on the spot are Greek”. The minister also pointed out that the Greece was probably the sole EU country not to have been affected by the situation, utilising its reserves in liquified natural gas together with a bilateral agreement with Algeria which provides for immediate procurement of natural gas if needed. Secretariat General for Information: About Brand Greece- Energy Policy

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Greece’s Energy Deal with Gaz de France

(GREEK NEWS AGENDA)   A memorandum of understanding between France’s Gaz de France-Suez and the Greek Public Gas Corporation (DEPA) was signed on Friday in Paris. The deal will insure Greece’s procurement with liquid natural gas (LNG). Greece’s main supplier in liquid natural gas is Algeria, however, in view of the drastic surge in domestic natural gas demand estimated for the next three years rising to 1 billion cubic meters per year, DEPA seeks to establish diversified partnerships. The contract with the Algerian Sonatrach provides for a total supply from 0.51 to 0.68 billion cubic meters annually. Algerian LNG began flowing in Greece in February 2000. The synergy with Gaz de France will provide business opportunities for both corporations in the markets of Southeast Europe and East Mediterranean, as well as in the sector of natural gas deposits’ exploitation. Ministry of Development: Energy & Natural Resources; Ministry of Foreign Affairs: Energy Affairs; European Commission: Energy-Gas

Mediterranean: A Sea of Peace and Posperity

Bakoyannis Concludes Maghreb Tour

(GREEK NEWS AGENDA)  Foreign Minister Dora Bakoyannis wrapped up yesterday her three-day visit to three Maghreb countries (Morocco, Algeria and Tunisia), thus sealing Greece’s presence in the western Mediterranean and paving the way for closer political and economical cooperation. Bakoyannis held bilateral talks with the state and political leaderships of the aforementioned countries, in which all sides shared a favourable view of the expansion to the east of the “five plus five” formation (that includes the five Maghreb countries and the five European ones in the western Mediterranean) with the participation of Greece and Egypt.