Gas pipeline “softens†Greece
13/08/2011 15:00
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The Transadriatic pipeline will place a big part of the investments in
Greece, in order to soften the Greek stance against the project that
aims to transport Caspian gas to Europe.
The leaders of the project that is strongly supported by the Albanian government, since it is the only one that includes Albania in the international gas network, notifies that the investments in Greece would double to 1 billion EUR. According to “Financial Times”, the pipeline that was supposed to start from Thessalonica, passing through Albania and ending in Bari, now will start 300 km deeper in Greek territory, in the town of Komotini.
The director of the project, Kjetil Tungland declared that with the new changes, the pipeline would create 2000 jobs in Greece. The Transadriatic Pipeline is a project of three well-known companies in the energy sector, Swiss EGL (42.5%), Norwegian Statoil (42.5%) and German E.ON Ruhrgas (15%).
Currently there are three competing projects for bringing Caspian gas to Europe. The two others are Nabuko and the Italian-Greek pipelines.
The two other projects exclude Albania, and for this reason Tirana has always lobbied for the Trans-Adriatic pipeline. The shareholders of Shah Denizi, the field from where the gas will come from, declared that the last deadline for the three projects to hand their offers is October 1st. After this, the shareholders will start assessing and choosing the winner. The chances for the pipeline that includes Albania increased after the Swiss Statoil joined the project, since this company owns 25.5% of the shares of the Shah Denizi gas field in Afghanistan.
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