Greece: Energy Matters

(GREEK NEWS AGENDA)    Development Minister Christos Folias in an interview with Reuters April 16 said, that Greece has agreed to join Russian-backed South Stream gas pipeline which will take Siberian gas to southern Europe through Greece. The pipeline is a joint project by Gazprom and Italian ENI. Serbia, Bulgaria and Hungary recently joint the South Stream project. Countering views seen this project as a competitor to the long-stalled Nabucco pipeline, the Minister said: “I don’t want to see them as athletes competing against each other. I would say they are complementing each other and are offering Europe multiple energy providers, which is good.”