Greek Energy Exchange to begin operations in June 2019

A Greek Energy Exchange will begin operations in June 2019, implementing a Target Model adopted by the European Commission for the single energy market, Environment and Energy Minister George Stathakis said on Tuesday, addressing the 8th Capital+Vision conference organised by the Hellenic-German Chamber in cooperation with Capital newspaper.

The Greek minister noted that investments in the basic sectors of the national energy plan are estimated at 32 billion euros in the period 2020-2030. “The challenges of a single European energy market are ahead and the biggest challenge is the goals set by the country. This great transformation in infrastructure projects, unification of markets, transformation of the operation of the energy sector need huge investments, which are estimated to reach 32 billion euros in the next three years,” Stathakis said.

He reiterated that Greece was being transformed into an energy hub and will play a defining role in the wider region of Southeastern Europe, helped by a number of large-scale projects (TAP natural gas pipeline, IGB, Thessaloniki-Skopje, EastMed, upgrading an LNG terminal station in Revithousa and an FSRU in Alexandroupoli).