Can Greece jump on the gas-transit train?

Every country that happens to have a gas pipeline running through its territory wants to be an energy hub. As if there is a heavenly authority that anoints someone to be such a thing. There is not. If Greece only wants to pass on the gas and slap additional fees on top without providing other services, it will be sorely disappointed. Think very hard before making statements that you cannot fulfill.

Greece must wait several years to learn whether the Mediterranean Sea will endow the country with natural gas supplies on a par with those off Egypt. But that doesn’t mean that people aren’t talking about gas. Far from it. “We are in the middle of huge investment in gas,” Greek deputy energy minister Michalis Verroiopoulos told Petroleum Economist. “This is in both international projects and the domestic market. There’s a big space for natural gas in Greece.”

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