Stathakis present major Greek natgas projects at Israel Business Conference 2018

Greece’s Environment and Energy Minister George Stathakis on Wednesday presented the major natural gas projects that Greece is participating in – such as the Trans-Adriatic Pipeline (TAP), the Greece-Bulgaria Interconnector (IGB), the upgrade of the LNG terminal in Revythousa and the floating LNG offshore terminal in Alexandroupolis – at the Israel Business Conference 2018 taking place in Jerusalem on Wednesday and Thursday.

The minister also expressed the Greek government’s strong support for the construction of the East Med pipeline, which he said was a project of strategic significance for the countries involved and for the European Union, since it would greatly enhance security of supply.

The Memorandum of Understanding signed in Cyprus last December was an important step forward for this project, whose progress will be further enhanced by the signature of an agreement on the pipeline project between the countries involved in 2018, he added.

Stathakis referred to the role of natural gas in connection with climate change and its use as a “bridge fuel” during the transition to cleaner energy sources, which would allow the economy to grow while reducing CO2 emissions.