- The construction of the Greek-Turkish natural gas pipeline has been completed, aiming to promote natural gas penetration, a central energy policy choice which is applied by the Ministry of Development, in order to gradually lift the country’s dependence on oil, reduce costs for the import of fuels and reduce greenhouse gas emissions. With the implementation of the Greek-Turkish natural gas pipeline, our country has acquired another alternative supply source, thus strengthening our import security as well as the special geo-political importance serving the fixed objective of making Greece a vital energy bridge between Europe, the Middle East and the former USSR.
- On 29 April 2008, in the presence of the leaders of both countries, the former President of Russia V. Putin and the Greek Prime Minister Mr. K. Karamanlis, the competent Ministers for Development Mr. C. Folias and for Industry and Energy of the Russian Federation Mr. V. Krishtenko signed in Moscow the Interstate Agreement on the Construction of the Natural Gas transmission pipeline within the Greek territory, which shall be part of the wider energy plan South Stream.
The project shall transport gas quantities to Italy through Bulgaria and Greece. At the same time, part of these quantities shall be used for the supply of the Greek market.
- At the same time the upgrading of the Liquefied Natural Gas Plant in Revythousa has been completed. The Plant’s channelling capacity was increased from 271 m3/hour to 1,000 m3 of LNG per hour, i.e. the volume that the plant may now gasify was tripled. Revythousa now supplies the National Natural Gas System with 5 billion m3 annually. It would not be an overstatement to say that the Revythousa Plant is one of the major national infrastructures.