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Greece: DEPA gas company to sign agreement with Cheniere

Unique collaboration, virtual pipeline crossing the Atlantic

08 September, 19:29
(ANSA) - UDINE, SEPTEMBER 8 - Greece's public gas company is close to signing an agreement with Cheniere, the top American gas export company, DEPA managing director Dimitris Tzortzis told the Southeast Europe Energy Forum held in Thessaloniki, Ana-Mpa reported.

"We have been working together many months now" he said, describing the collaboration with Cheniere as "unique, because it relates to a 'virtual' pipeline crossing the Atlantic." Both sides, he added, are working on a twenty-year agreement that will include a "spot cargo of Liquefied Natural Gas that will arrive in 2018. We are at the point of including it in our portfolio." The collaboration will help DEPA become active in trading also.

Earlier on the same day, DEPA and Gastrade S.A. signed a deal for an LNG terminal in in the northern Greek city of Alexandroupolis, on the sidelines of the Southeast Europe Energy Forum, Ana-Mpa also reported.

This is a highly significant project that is expected to secure additional quantities of natural gas to supply the Greek and regional market in southeastern Europe, thus contributing to the expansion and diversity of energy sources and enhancing energy security.

The energy forum is being organized by the American-Hellenic Chamber of Commerce in collaboration with the Hellenic Association for Energy Economics (HAEE), a Greek think-tank, with the strategic partnership of the Atlantic Council.


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