Athens News Agency: News in English, 07-04-03

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From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

[01] Sioufas addresses SEECP con'f

[01] Sioufas addresses SEECP con'f

Addressing a summit of energy ministers from countries included in Southeastern Europe Cooperation Process (SEECP) in Zagreb, Croatia, the Greek minister said the region could become a hub of energy product transportation, intervening in a traditional production-consumers chain.

Sioufas said he expected investments worth 30 billion euros to be made in the energy sector of the region by 2020 and noted that these investments would contribute in the progress of states and the people in the region.

Greece has made significant steps towards promoting energy cooperation in the region, the minister said, adding that "in cooperation with our neighbour country Turkey we are completing a Greek-Turkish natural gas pipeline in July 2007, while two months ago we signed with Italy a protocol to promoting an underwater natural gas pipeline project".

In his address, Sioufas said "together with Russia and Bulgaria we promote the construction of an oil pipeline", while he stressed that Greece has signed bilateral agreements with Albania and Egypt. "Our goal is to integrate energy markets in Southeastern Europe and the Mediterranean," he said.

The Greek minister underlined that the energy sector was offering the best opportunities for broadening cooperation between countries in the region, as well as economic growth.

Sioufas reiterated Greece's strong support to Southeast European states' efforts to entry the European Union.

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