Greece and Italy agreed on Tuesday to throw their weight behind the Trans-Adriatic Pipeline (TAP) to transport natural gas from the Caspian Sea and Middle East via Greece, Albania and Italy to the rest Europe.
The willingness to back the project was confirmed during a meeting between Foreign Minister Dimitris Avramopoulos (left) and his Italian counterpart Giulio Terzi (right) in Rome.
Diplomatic sources said that Athens and Rome have decided to back the project after Azerbaijan’s Shah Deniz II consortium, led by BP and Statoil, chose TAP and Nabucco West as the two pipelines that would be used to transport gas to western Europe.
“This will make Greece, Italy and neighboring countries strategic partners in the distribution of natural gas in Europe,” said Avramopoulos.
TAP’s partners are Statoil, Swiss EGL and Germany’s E.ON Ruhrgas who say that the pipeline could create thousands of jobs.
The Greek government bond yield curve returned to an uphill shape on Tuesday, as investors continued to price out default risks after last week's sovereign ratings upgrade by Fitch.
The diff...
The Finance Ministry confirmed on Monday that April was the first month this year that the targets for both direct and indirect taxes were achieved, as the budget deficit is less than half o...
Germany's Bjoern Otto recorded the world's leading performance in the men's pole vault at the Athens Street Pole Vault event that took place at Zappio, in central Athens, on Saturday afterno...
PAS Giannina upset PAOK at Thessaloniki on Sunday to take the lead at the Super League play-offs, while Asteras Tripolis rebounded from its loss at Ioannina in midweek to defeat Atromitos at...
Dividing lines – less so between political parties and more so between political cultures and ideologies – do not go away as easily as some would like to think. In the case of Greece, politi...
Prime Minister Antonis Samaras’s recent official visit to China aimed at attracting foreign investment and meeting with his Chinese counterpart proved to be highly successful.
The image of t...
