US, Greece to expand energy cooperation



The United States and Greece reviewed their expanding cooperation on August 20 with Washington focusing on the Alexandroupolis Floating Storage Regasification Unit (FSRU), the Interconnector Greece Bulgaria (IGB) pipeline, the Trans Adriatic Pipeline (TAP), South Kavala underground gas storage and renewables.

Greece’s Environment and Energy Minister Kostis Hatzidakis met with US Ambassador Geoffrey Pyatt at the ministry in Athens with the latter noting the meeting was “to review our expanding cooperation: US priorities like the Alexandroupoli FSRU, IGB pipeline, TAP, Kavala storage, rapidly growing US LNG and increasing US investment in the renewables sector to support Greece’s green agenda”.

The Greek ministry also said the two sides focused on the FSRU, the IGB and US energy investments in Greece.

During the meeting there was a discussion on key energy policy issues, Greece’s Environment and Energy Ministry said in a statement, including cooperation between Greece – Cyprus – Israel and the US (3 + 1), as well as ways to enrich the agenda.

Hatzidakis proposed the inclusion of renewable energy sources in the field of cooperation.

Pyatt and Hatzidakis also discussed the Greek-Bulgarian gas pipeline IGB and the progress of the projects. “From the Greek side, the geostrategic importance of the pipeline was emphasised once again and the intention of close cooperation with Bulgaria and the builders, in order for the project to be delivered without delay,” the ministry said.

The two sides also discussed the FSRU of Alexandroupolis. “Both the Greek minister and the American ambassador estimated that this important project for both sides is progressing very well and that it will have a positive impact on both the geostrategic and the energy field,” the ministry said.

On August 24 in Athens, Greece’s Prime Minister Kyriakos Mitsotakis and his Bulgarian counterpart Boyko Borissov will attend the signing ceremony for the participation of Bulgartransgaz in the project of the Alexandroupolis Liquefied Natural Gas Terminal.

Finally, Hatzidakis and Pyatt reviewed “the significant increase” of US energy investments in Greece over the past year, the ministry said, noting that US companies such as ONEX and BlackSummit with the help of DFC (US International Development Finance Corporation), QuantumEnergy Partners, NationalEnergy, Bl and Tesla contributed in this direction.


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