Gazprom secures access to ITGI Poseidon pipeline for gas transit to Europe

IGI Poseidon Russian gas giant Gazprom’s CEO Alexei Miller has signed an MoU with his counterparts in Greece and Italy securing a gas transit route from the Black Sea to Europe by way of the Interconnector Turkey–Greece–Italy ITGI Poseidon pipeline. Inaugurated in 2007 and originally designed to transport gas from Azerbaijan’s Caspian Sea offshore Shah Deniz field ITGI Poseidon consists of a 296km natural gas pipeline that connects the Greek and Turkish grids and a second leg that would run under the Adriatic into Italy – although future of this section remains in doubt as it is in direct competition with the Trans Adriatic pipeline, the construction of which is due to start this year. 
The MoU was signed by Alexie Miller, Mark Benayuna and Theodoros Kitsakos, respectively CEOs of Gazprom, Italy’s Edison SPA and Greece’s DEPA,
“The revival of ITGI Poseidon project strengthens the energy security of Europe, thanks to the emergence of additional supply chain and enhances the role of Greece as a major corridor for gas supplies from different sources and routes,” Kitsakos said after the signing.

 
Source: Vedomosti