Greece can greatly benefit from working together with other countries on initiatives concerning natural gas and its transport to European Union states, Minister of Environment and Energy Giorgos Stathakis said in Cairo, talking about the newly-established East Mediterranean Gas Forum (EMGF).
The EMGF was set up on Monday on Egyptian initiative and with Greece, Italy, Jordan, the Palestinian Authority, Israel and Cyprus as its members.
Greece “is a fervent supporter” of this new forum, Stathakis said, as it will bring many long-term benefits for consumers. “The joint efforts aimed at important infrastructure work will create economies of scale and more favorable conditions for consumers in Greece and in other countries,” he explained.
He went on to talk about Greece’s strategic role as an energy hub in the region, stressing the country’s involvement with the Transatlantic Pipeline, which will bring gas from Azerbaijan to Italy and Europe; the East Med idea, envisioning a pipeline that will transfer gas to Europe from Israel, Cyprus and Egypt; as well as various other projects connecting countries in the Balkans.