PC head Stassis, Assistant State Sec’y for Energy Pyatt deliver keynote addresses at CSIC event in Washington

Public Power Corporation (PPC) Chairman and CEO Georgios Stassis and Assistant Secretary of State for Energy Resources Geoffrey Pyatt were the keynote speakers of the ‘2024 Energy Security and Geopolitics Conference’ held in Washington by the Center for Strategic & International Studies (CSIS) on Tuesday.

PPC’s Stassis said the company was at a critical crossroad, where it needed to face climate change and to secure energy supplies. Political stability however was the prerequisite for energy security, and Europe found out the hard way after Russia’s invasion of Ukraine. Energy systems must be flexible to guarantee stability, reliability, and return on investment, he underlined, through batteries, natural gas facilities, infrastructure, resilient electric energy networks, and interconnectivity between countries.

Southeastern Europe is unique in that conditions and the pace of energy transformation varied among countries, as did the political stability and conditions of a hybrid war, exemplified by the war in Ukraine.

Pyatt

Assistant Secretary of State for Energy Pyatt, former ambassador to Greece, highlighted PPC’s role in the energy transition of the region and congratulated the government for developing renewable energy sources (RES). Greece, he said, could achieve 80% RES penetration in electricity production. Greece’s energy transition served as an example in the European Union, with the help of PPC, which also served as an example for businesses in Europe, he noted.

Pyatt underlined that the United States will continue its pressure on Russia through sanctions, while he also noted that the export of liquefied natural gas (LNG) will increase by 120 billion cubic meters annually through the new infrastructure in constructed.

According to the CSIS site, the conference included government, private sector, and think tank representatives, with speakers addressing policy developments in Europe during the last two years and specifically how energy policy is informing and shaping geopolitical decisions, and vice versa.