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Greece to encourage Southern Gas Corridor implementation

Oil&Gas Materials 17 November 2015 15:59 (UTC +04:00)
The Greek government intends to encourage and actively support the process of attracting foreign investments, particularly as part of the execution of the Southern Gas Corridor project, Greek Deputy Foreign Minister for International Economic Relations Dimitris Mardas said.
Greece to encourage Southern Gas Corridor implementation

Baku, Azerbaijan, Nov. 17

By Maksim Tsurkov - Trend:

The Greek government intends to encourage and actively support the process of attracting foreign investments, particularly as part of the execution of the Southern Gas Corridor project, Greek Deputy Foreign Minister for International Economic Relations Dimitris Mardas said.

Mardas made this statement at a meeting with the delegations of the State Oil Company of Azerbaijan (SOCAR) and BP, the Greek foreign ministry stated.

Giorgos Tsipras, the secretary general for International Economic Relations and Development Cooperation under the Greek foreign ministry, and Rahman Mustafayev, Azerbaijani ambassador to Athens, also attended the meeting.

During the meeting, representatives of BP and SOCAR reported on the implementation of the Southern Gas Corridor project and construction of the Trans Adriatic Pipeline (TAP).

"The positive points for Greece lie in the fact that local business operators will be hired during the construction of the pipeline, new jobs will be created, and the financing of communities and regions across the country, where construction has been proposed, will be realized," noted the message. "In addition, SOCAR representatives have confirmed their interest in entering into a shareholder agreement for DESFA (the operator of the gas distribution network of Greece)."

During his turn, Mardas said the government of Greece intends to encourage and actively support the attraction of foreign investment in the country and stressed the importance of the Southern Gas Corridor for energy security in Europe.

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