• Natural Gas News

    B92: Financing agreed for Turkish Stream in Greece

    old

Summary

Energy Minister Panagiotis Lafazanis has said that the Greek section of the Turkish Stream pipeline will cost USD 2 billion

by:

Posted in:

Press Notes

B92: Financing agreed for Turkish Stream in Greece

The Greek section of the Turkish Stream pipeline will cost USD 2 billion, Greek Minister of Energy Panagiotis Lafazanis has said.

He told the Rossiya 24 broadcaster that there is "enormous interest" among Greek companies to build and use the gas pipeline.

"We already know that it will be a Greek public company which would be in charge and furthermore, the question of financing is already resolved: the infrastructure costs are estimated at around two billion dollars," said Lafazanis.

According to him, the project's implementation will create about 20,000 new jobs in Greece, which will affect not only the country's economic development, but also that of the whole region, reports TASS.


Read the full article HERE