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Greece: Energy Matters

» Greece-Bulgaria-Romania agree on gas pipeline project

(GREEK NEWS AGENDA)  An agreement has been signed by the Greek gas company DEPA and Italian Edison with Bulgarian Energy Holding for the construction of a pipeline that would allow Bulgaria to import 1 billion cubic meters of natural gas from the Caspian Sea region, through the ITGI (Interconnector Turkey-Greece-Italy) pipeline. The 160-km long pipeline, called Interconnector Greece-Bulgaria (IGB), will extend from Komotini, northern Greece to Stara Zagora, Bulgaria. Its construction is estimated to cost €120 million with €45 million provided by the EU.  Greece and Romania agreed yesterday during a meeting in Bucharest, between Romanian Economy Minister Adriean Videanu and Greek Development Minister Kostis Hatzidakis, to promote and coordinate gas connections between Hungary, Romania, Bulgaria and Greece.  “We want to treat the Greek-Bulgarian, Bulgarian-Romanian and Romanian-Hungarian pipelines as a single whole, as a single pipeline. Especially since all three separate pipelines are financed by the European Union,” Hatzidakis said adding that this project would enhance cooperation between the four countries and strengthen their geostrategic position.  Meanwhile, DESFA, Greece’s Natural Gas National System Manager, and Bulgarian Energy Holding (BEH) signed yesterday a memorandum of understanding aimed at allowing the transportation of natural gas from Greece to Bulgaria from the Revithousa LNG terminal. Kathimerini daily: Greece – Bulgaria pipeline to raise security, lower gas prices

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Greece: Energy Plant to Boost Energy Plants

(GREEK NEWS AGENDA)  A new unit at the Liquified Natural Gas Terminal at Revythousa – one of Greece’s most significant national infrastructures and one among the ten equivalent liquefied natural gas terminals operating today throughout the Mediterranean and Europe- was inaugurated yesterday (May 28) by the Hellenic Gas Transmission System Operator (DESFA) and the Ministry of Development.   The new unit has an output of 13 MW of electrical energy and 14 MW of thermal energy. It has the highest production rate in the country (90%), cutting 22,000 tones of carbon dioxide emissions. Twenty percent of the electrical energy produced is sold to the Public Power Corporation.  During the inauguration ceremony, Development Minister Kostis Hatzidakis announced government’s goal for another 85,000 Greek households to have access to the natural gas network by the end of the year, amounting to 250,000 households, and hopefully increasing that number to a total of one million citizens by the end of 2010.  Ministry of Foreign Affairs: Energy Affairs; Public Gas Corporation: Natural Gas