Greece, Russia sign deal on South Stream natural gas pipeline

[Angelo]

Greece, Russia sign deal on South Stream natural gas pipeline
The Associated PressPublished: April 29, 2008


MOSCOW: Greece and Russia on Tuesday signed a deal on Greece's participation in a gas pipeline project that will help strengthen Russia's grip on energy exports to Europe.

The agreement for the 900-kilometer (550-mile), €10 billion (US$15 billion) South Stream pipeline was signed at a Kremlin ceremony attended by Greek Prime Minister Costas Karamanlis and Russia President Vladimir Putin.

At a news conference after the ceremony, Putin again focused on Russia's growing position as Europe's dominant supplier of gas and oil, and pooh-poohed efforts to find alternatives — both sources and conduits.

"Realizing the South Stream project doesn't mean that we are fighting some other alternative project," Putin told reporters. "Please, if someone can find some other similar project under economically acceptable terms that can guarantee products of a sufficient volume for these gas systems, we will only be glad."

The European Union, with the United States, has pushed another pipeline called Nabucco, but that project lags far behind South Stream, which will run under the Black Sea from Russia to Bulgaria, where it could branch off in several directions.

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"We guarantee this volume for Greece itself and upon realizing this project Greece will become an important link in the energy politics for all Europe. Without a doubt, it will help guarantee Europe's energy security," he said.

"If Greece needed some sort of common goods — watches, underwear or ties — then it could buy them just about anywhere, say, for instance, China, Sweden or even Italy. But you can count on one hand the countries that are in a position to be the primary supplier of energy at the required volumes and at competitive prices for Europe," Putin said.

Greece also is working with Russia on an oil pipeline designed to bypass Turkey's crowded Bosporus — a project whose technical details Putin said would be worked out soon.

Karamanlis also was expected to discuss possibly buying Russian aircraft or weaponry during his visit to Moscow.

The Greek premier was to meet with Putin's successor, Dmitry Medvedev, later Tuesday.


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[Napalm]

Greece also is working with Russia on an oil pipeline designed to bypass Turkey's crowded Bosporus — a project whose technical details Putin said would be worked out soon.

I love it. It doesn't just screw the NWO USA but Turkey too!

[Prokomenos]

That is good news for Greece indeed...

[Angelo]

Hopefuly we sign the pipeline deal with Libya too.{Libya-Crete gas pipeline project}

[Prokomenos]

Anything that will benefit Greece aslong as it will not sell out her people, history and pride..

[Napalm]

Thats good about Libya too Angelo. It will be neat if Greece because a "mini" energy power (at least regional one). It will certainly make the NWO think twice about stabbing Hellas in the back as they have done countless times.

[AlmightyGreek]

Any other news on this matter?