As earlier described, don’t count Greece out of the picture, as they are much too critical for the German dominated EU to lose. Germany needs energy independence from Russia and needs to keep the EU in tact as a whole, otherwise a broken up European continent would not provide the solidarity needed to stand up to the Soviets. Without one, or both, Germany would otherwise remain a stagnant useless nation plagued with external and internal security issues. Greece will become a major, if not the major, energy transit hub for all of Europe. China also once hailed Greece as the “gateway to Europe”.
Amid the hard times Greece is going through, the assertion that it is turning into an important regional player in the natural gas scene is not an exaggeration. Its geostrategic location on the map offers a number of advantages, which can translate to an economic competitive advantage, as well as to an upgrade of its geopolitical role in South-East Europe.
Firstly, Greece’s role in the international chessboard of pipelines becomes critical. The selection of the Trans-Adriatic Pipeline (TAP) as the avenue for EU’s Southern Energy Corridor, as well as the pending project for the Greece-Italy Poseidon (IGI) pipeline with the participation of DEPA, is decisive; not only will it support local economies during the construction phase, but also ‘locks’ this particular route through Greece as the main entrance hub of Azeri gas to Europe. Continue reading