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South Stream Pipeline Underway

(GREEK NEWS AGENDA) The agreement for the construction of the South Stream natural gas pipeline will be signed today (May 15) between Gazprom and all other participants in the project, in the Russian resort city of Sochi on the shores of the Black Sea, Greek Development Minister Costis Hatzidakis announced.    Hellenic Gas Transmission System Operator (DESFA), a subsidiary of the Greek Public Gas Corporation (DEPA), will be signing on behalf of Greece. The minister, who will also attend the signing ceremony, noted the particular importance placed on the South Stream agreement and Greece’s broader cooperation with Russia.   Greek News Agenda: Greece-Russia forge ties; Ministry of Foreign Affairs: Energy Affairs

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Greece: The Balkan Grid Connection

(GREEK NEWS AGENDA)   Greece’s electric grid links with those for neighbouring countries are proving be a critical element in preventing power cuts and in the development of an integrated power market in Southeast Europe. In fact, the security of the country’s power supplies and the development of its market in the future will greatly depend on boosting the system’s capacity to be replenished by other grids. The grid management agency, Hellenic Transmission System Operator (DESMIE) is promoting a number of projects to this end, including a link with Turkey, a second connection with Bulgaria, upgrading the link with Italy and new links with other neighbouring grids.  The development of Balkan links north of Greece’s border – the section including Albania, FYROM, southern Serbia and Bulgaria – will be decisive for Greece’s power imports.  Kathimerini daily (Athens Plus, p.10): Greece hopes for stronger Balkan grid connections