The Turkish Stream gas pipeline project makes Greece an important and useful partner for Russia’s Gazprom, despite the country’s financial…Greek Prime Minister Alexis Tsipras and Energy Minister Panagiotis Lafazanis have signed a memorandum of cooperation with Russia’s Gazprom and the Russian government as part of the new Turkish Stream pipeline to diversify natural gas shipments to Europe away from Ukraine, according to the magazine, thus making Greece a transit hub for European gas.
“This is more of a real estate and political deal than an investment, as Greece is hardly a capital player in today’s market,” Kenneth Rapoza, a Forbes contributor …read more
Source: Newsbomb
