Greece teams up with Egypt on gas supply, infrastructure

11/25/2021 | 10:25am

ATHENS, Nov 25 (Reuters) - Greece and Egypt agreed on Thursday to expand their cooperation in the supply of liquefied natural gas (LNG) and examine the possibility of constructing a subsea gas pipeline between the two countries, the Greek energy ministry said.

Greece, which mainly imports gas from Algeria, Azerbaijan, Russia and Turkey, has been looking to diversify its resources and become an energy hub in southeastern Europe.

The two sides signed a memorandum of understanding in Cairo on Thursday as a step towards specific agreements between Greek and Egyptian companies, the Greek energy ministry said in a statement.

Last month, Greece and Egypt agreed on a plan to build an undersea cable linking their electricity grids.

(Reporting by Angeliki Koutantou; editing by Barbara Lewis)

© Reuters 2021
Copier lien
Latest news about "Economy & Forex"
3h ago
3h ago
3h ago
3h ago
3h ago