Trio sign agreement on Black Sea gas pipeline

Offshore staff

ROME Gazprom, Edison, and DEPA have signed a memorandum of understanding on a new pipeline taking Russian gas to Greece and Italy via the Black Sea.

ITGI (Interconnector Turkey – Greece – Italy) has been proposed in the framework of the Southern Gas Corridor from Turkey to Italy via Greece.

Poseidon is a construction project for the ITGI offshore section across the Ionian Sea to connect the Greek and Italian gas transmission systems.

The ITGI Poseidon project would establish a new southern for Russian gas supplies to Europe.

Gazprom CEO Alexey Miller said: “The expansion of the intra-European gas transmission capacities is an essential component for enhancing the reliability of gas supply, including from Russia, to consumers all over Europe.”

Edison CEO Marc Benayoun added: “The potential development of a new supply route, that is planned to be implemented in full compliance with EU laws, will strengthen Italy’s gas supply security as well as its role as an important natural gas supply hub in southern Europe, which is in line with the objectives of the National Energy Strategy.”

02/26/2016

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