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    Gazprom Guarantees Annual Gas Transit of 47Bln Cubic Meters Through Greece

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    Gazprom CEO Alexei Miller said that Russia guarantees annual supplies of up to 47 billion cubic meters of natural gas to European customers through gas transit infrastructure to be built in Greece.

    ATHENS (Sputnik) Russia guarantees annual supplies of up to 47 billion cubic meters of natural gas to European customers through gas transit infrastructure to be built in Greece, Gazprom CEO Alexei Miller said Tuesday.

    "The Greek government is supporting the project involving construction of gas transit infrastructure from the border with Turkey, which could be implemented by a Russian-European consortium," Miller told reporters following talk with Greek Prime Minister Alexis Tsipras.

    "The Russian side, Gazprom guarantee that up to 47 billion cubic meters of natural gas will be transported through the Greek territory," Miller said.

    "There is no doubt that the Russian-European consortium will be able to attract the 2 billion euros in financing necessary to build this infrastructure," Miller stressed.

    The Gazprom CEO said that the pipeline will be implemented in strict accordance with European law.

    Greek Energy Minister Panagiotis Lafazanis expressed on Tuesday his certainty that Russia and Greece will sign an agreement on gas pipeline cooperation soon.

    "No agreements were signed today… Russia and Greece will sign an agreement on the pipeline construction soon" Lafazanis said after meeting Miller in Athens.

    Lafazanis noted that his talks with Miller were constructive. "Greece is interested in building the pipeline because it will benefit a lot from it," Lafazanis said.

    In December 2014, Gazprom announced the launch of construction for the Turkish Stream pipeline. The pipeline to Turkey will have an annual capacity of 63 billion cubic meters of gas. Around 14 billion cubic meters of gas will be supplied to Turkey, while the rest is to be delivered to European customers through a hub on the Turkish-Greece border.

    On April 8, during the visit of Greek Prime Minister Alexis Tsipras to Moscow, Russian President Vladimir Putin said that the Turkish Stream pipeline could help Greece become one of the main power distribution centers in Europe and attract serious investment into the country's economy.

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    gas, Gazprom, Alexei Miller, Greece, Russia
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