Works on building a TAP natural gas pipeline project in Greece will begin by the middle of the year, Richard Skoufias, manager of the project in Greece announced.
Addressing a conference on the energy market , Skoufias said the pipeline will extend from the Greek-Turkish borders to Italy, via Albania and the Adriatic Sea and stressed that the project was sending a message of investment confidence for the country while at the same time upgrading the country’s role in the region. The consortium has signed partnership agreements with 150 Greek enterprises and has had 450 meetings with local communities.
“We look forward to completing the transaction for DESFA,” Anar Mammadov, chief executive of SOCAR said addressing the conference and pledged to complete works in Revithousa and for a variety of supply sources for Greece and the region with natural gas.
George Alexopoulos, managing director for Strategic Planning in Hellenic Petroleum noted that the country offered significant investment opportunities in research and production of hydrocarbons, renewable sources, transport and natural gas/electricity infrastructure. He asked for a speeding up of procedures to evaluate bids for hydrocarbon exploration in the Ionian Sea, while commenting on renewable energy sources he estimated that in the 2016-2020 period Greece could attract investments up to 2.5 billion euros for an additional 2,000 MW.
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