As was said a few times before: Don’t count Greece out. This is their cash cow and raison d’être in the European Union.
Crete is considered to play a key role on energy scene, as East Med Pipeline will be extended to Cyprus, Crete, then in western Greece, the Peloponnese and Epirus and would come eventually the Greek-Italian pipeline IGI (Interconnector Greece-Italy).
Participating in a conference in Rome entiltled “Building a Euro-Mediterranean energy bridge- The strategic importance of the Euro-Mediterranean gas and electricity networks in the context of energy security“, the Minister of Environment, Energy and Climate Change, Mr. Giannis Maniatis, talked about important developments in the energy sector cooperation of Greece, Cyprus and Israel.
The Greek Minister said: “The Eastmed pipeline is a reliable alternative solution for the extraction of natural gas from SE Mediterranean to European countries. This is proven by the strong European interest in creating a new energy corridor. The positive results are obvious. The Greek economy and Greek consumers will still enjoy lower energy costs, while the country will take on an upgraded and powerful role in the international energy scene.”
Full article: Crete will be the energy hub for EastMed Pipeline (CHANIA Post)