Donald Trump’s message to Greece: USA will INVEST in debt-ridden nation to save it from EU

A few points:

  • Trump is potentially building a deterrent against Turkish aggression.
  • Trump is hedging against the EU superstate that’s increasingly becoming anti-American through the Berlin-Paris-Brussels axis that has subjugated and destroyed Greece.
  • Trump is possibly racing against China’s infrastructure investments and Port of Pirus takeover, keeping them from gaining a foothold in one of Europe’s most important strategic gateways.

 

Trump

Donald Trump and Alexis Tsipras shake hands outside the White House

 

DONALD Trump praised Greece’s economic recovery and vowed to invest in the debt-ridden nation as he met the country’s prime minister who once called the businessman “evil” before the US election.

The US President pledged to help the Mediterreanean nation back to prosperity after its struggles with EU austerity over the last 8 years.

The two leaders met at the White House for cordial talks and among the topics for discussion were investments in Greek oil resources and Greece-based military bases as the relationship between the USA and Turkey becomes tense. Continue reading

Greece May Be Key Player In European Energy Security

…which is why it’s often said here that Greece is going nowhere (See also HERE and HERE). It simply holds too much strategic value as it is the gateway to Europe. Whether it’s 100% submission to the German-led troika or a parallel currency compromise, the most likely option, it will stick around in one form or another.

 

The United States is reporting some success in persuading Greece to accommodate a Western-backed pipeline through Turkey to supply Europe with gas from the Caspian Sea rather than an alternative project – backed by Moscow – that would ship Russian gas.

Washington sent Amos Hochstein, the State Department’s special envoy on energy affairs, to Athens to discuss the options with several Greek officials. On May 8 Hochstein reported that both sides “agreed on more than we disagreed.” Continue reading

The Role of Greece in the Geostrategic Chessboard of Natural Gas

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

EU wants ‘Mediterranean hub’ for Azeri gas

Key policy ties in with the Maltese government’s prospective energy shift to gas, supplied by Azeri state corporation SOCAR

The European Union is looking southwards to develop a “southern gas corridor” for natural gas from Azerbaijan to fuel the European mainland.

The European Commission released an EU energy security strategy earlier this week, in response to the political crisis in Ukraine which is threatening gas supplies from Russia, after Russian President Vladimir Putin warned that Russia could cut off supplies to Ukraine unless the latter starts to pay off its gas debt, which Russia’s Gazprom says stands at €2.5 billion. Continue reading

Italy looks at Mediterranean for alternatives to Russian gas

Italy could increase gas imports from Algeria, Libya and the Netherlands to counter any disruption of supplies from Russia, Deputy Industry Minister Claudio De Vincenti said on Monday as G7 energy ministers gathered in Rome.

“We are capable of rapidly increasing imports from the supplier countries … Libya, Algeria and the Netherlands,” De Vincenti told Reuters.

Italy, which generates more than 40% of its electricity from gas, is increasingly dependent on Russian gas as Algerian imports decline and Libyan supplies are limited by growing unrest in the country. Continue reading

Trans Adriatic Pipeline to bring Azeri gas to Europe

In a long-awaited decision to bring Azeri gas resources to Europe, the Shah Deniz II consortium opted for a pipeline running through Greece and Albania instead of a rival northwestern route, Nabucco West, running from Bulgaria to Austria.

The Trans Adriatic Pipeline (TAP) will stretch 870 kilometres from the Greek-Turkish border. Moving west, TAP is designed to extend across the breadth of northern Greece before veering northwest to Albania. From Fier, Albania, plans envision the pipeline crossing under the Adriatic to emerge in southern Italy. Continue reading

Six Balkan countries agree on new routes for energy imports into Western Europe, sign cooperation agreement

Greece could very well regain its footing within the EU should this materialize. It could also serve as the cooridor to Europe for oil and gas deposits within the contested Cyprus region, which was also recently wrestled away from the Turks and Russians by the EU.

On May 23, Montenegro, Bosnia and Herzegovina, Albania and Croatia signed a memorandum on cooperation in the implementation of projects concerning the Trans-Adriatic Pipeline (TAP) and the Ionic-Adriatic Pipeline (IAP) in Tirana, the capital city of Albania. Montenegrin Foreign Minister Igor Luksic, Vice Chairman of the Council of Ministers of Bosnia and Herzegovina Zlatko Lagumdžija, Albanian Foreign Minister Aldo Bumçi and Croatian Deputy Minister of Foreign and European Affairs Joško Klisovic represented their respective countries at the meeting. Continue reading

Russian gas pipeline could doom Europe’s Nabucco plan

Europe’s grand plan for the gas pipeline from the Caspian Sea was derailed with the 2008 Soviet invasion of Georgia. That was the true intention behind the war and not a handful of unruly politicians or military provocations from a nation not much bigger than Israel, with half the capability. Putin himself said the war was pre-planned (Additional source here). Create the crisis and provide the solution — energy dependancy on Russia in this case. That was (and still is) the aim.

  • Europe, U.S. support for Nabucco weakened
  • Azeri consortium expected to pick winner in June
  • Gas due to flow to European Union from 2019

VIENNA/BRUSSELS, May 28 (Reuters) – Europe’s grand plan for a gas pipeline from the Caspian Sea that would make its eastern states less reliant on Russia may have been fatally undermined by Russia’s even bigger project.

As Azerbaijan nears a decision on which pipeline to choose for its future exports, the Nabucco plan that was long the European Union favourite could lose out to the more modest Trans Adriatic Pipeline (TAP) across Greece to southern Italy. Continue reading