Friday, June 24, 2005

Turkey-Greece Pipeline Work to Start Soon

Turkey-Greece Pipeline Work to Start Soon

By Associated Press

June 24, 2005, 1:33 PM EDT

ATHENS, Greece -- Construction of the Turkey-Greece natural gas pipeline is scheduled to start at the beginning of July, Greek Development Minister Dimitris Sioufas said Friday.

The 186-mile pipeline will run from Bursa, Turkey, to Komotini in Greece and is designed to transport Caspian and Central Asian natural gas to Europe.

Initially, the pipeline will transport 3.5 billion cubic meters of gas a year, but will increase to 11.5 billion cubic meters a year once the pipeline is connected to two other planned gas pipelines, Sioufas said.

The first of these will run for 373 miles across northern Greece from Komotini to the northwest Greek port of Stavrolimena, where it will connect with 137-mile long pipeline under the Ionian Sea to Italy.

The underwater section will be built by Greece's natural gas supplier Depa and Italy's Edison SpA.

The joint venture is open to other investors. Turkish gas company Botas could join the project, Edison said.

Construction of these two pipelines will be mainly funded by the European Union as well as the Greek and Italian governments.

Also Friday, Sioufas and Italian Industry Minister Claudio Scajola signed the protocol for the connection of the Greek and Italian natural gas networks.

The pipelines are all part of the Southern Europe Gas Ring project, due to be completed by end-2006.
Copyright 2005 Newsday Inc.


Post a Comment

<< Home

Click to join EnergyNewsletterTurkey

Click to join EnergyNewsletterTurkey

Free Blog Counter