Greek Environment, Energy minister presents benefits from IGB pipeline

Greek Environment and Energy Minister Kostis Hatzidakis on Friday presented the benefits for the country from the construction of the Greece-Bulgaria Interconnector (IGB) natural gas pipeline after the two countries signed an intergovernmental agreement for the construction of the work on Thursday.

In comments made to ERT TV, Hatzidakis said the pipeline will be built by the Greek companies AVAX and Korinth Pipeworks, a fact that will benefit both the economy and workers. At the same time, he added, “Greece is strengthening its energy security and its geostrategic position, since after the TAP pipeline which has been completed in the country, this new pipeline, combined with the FSRU Terminal in Alexandroupoli (LNG terminal), could give a different dynamism to Greece in the natural gas sector”.

Hatzidakis also commented on a government decision to phase out the use of lignite by the Public Power Corporation, saying that the PPC could not afford to operate its lignite units because of the high cost of CO2 emissions but also for environmental reasons. He added that the country will not proceed with the closing down of lignite units if there was an energy gap.