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Greece teams up with Egypt on gas supply, infrastructure

Greece and Egypt agreed to expand their cooperation in the supply of liquefied natural gas (LNG) and examine the possibility of constructing a subsea gas pipeline between the two countries, the Greek energy ministry said.

Greece, which mainly imports gas from Algeria, Azerbaijan, Russia and Turkey, has been looking to diversify its resources and become an energy hub in southeastern Europe.

The two sides signed a memorandum of understanding in Cairo on Thursday as a step towards specific agreements between Greek and Egyptian companies, the Greek energy ministry said in a statement.

Last month, Greece and Egypt agreed on a plan to build an undersea cable linking their electricity grids.


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FEATURED COLUMNS

Editorial Comment
-Adrienne Blume
With Henry Hub (HH) natural gas prices almost twice as high year over year, as of the time of writing in late October, and similarly record-high prices in Europe and Asia driving competition for LNG, the gas market is rife with tension.
Executive Viewpoint: Building the foundation for a low-emission LNG facility
-Jennifer Adams
Electric LNG (i.e., eLNG) has emerged as a powerful decarbonization pathway for LNG project stakeholders.
Maintenance and Reliability: Looking beyond processing efficiency to optimize operations
-Adam Bozick
When facility owners think about plant optimization, the emphasis often is on maximizing throughput and, in many cases, that means focusing on processing equipment.


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