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Saturday, November 27, 2021

K. Mitsotakis: The Eastern Mediterranean can under certain conditions be formed as an alternative energy source for the EU

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The need to address the problem of increases in energy prices at a more structural level, with interventions that can be launched, in the first phase, by the European Commission, stressed Prime Minister Kyriakos Mitsotakis attending the European Council meeting in Brussels.

Mr. Mitsotakis referred to the possibility of buying natural gas from the European Union, but also to increase gas storage so that we have fewer short-term distortions in the market when we need more natural gas.

Regarding the interior of the country, he stressed that "we will continue to intervene in the energy market in order to support the Greek household, but also small and medium enterprises, for as long as this energy crisis lasts."

Finally, he pointed out that "the Eastern Mediterranean can, under certain conditions, be formed as an alternative source of energy for the European Union."

The statement of the Prime Minister coming to the Summit of the European Council is as follows:

"In a rather rich agenda, I estimate that the topic that will dominate the debate is the rise in energy prices.

As you know, the Greek Government has already taken important measures to minimize increases in prices of both electricity and gas for Greek households.

And we will continue to intervene in the energy market in order to support the Greek household, but also small and medium enterprises, for as long as this energy crisis lasts.

But it is necessary to tackle the problem on a more structural level, with interventions that can be launched, in the first phase, by the European Commission.

Indicatively, I mention the possibility of buying gas from the European Union, but also the possibility of being able to increase gas storage so that we have fewer short-term market distortions when we need more gas.

I will have the opportunity, in the context of the discussion, to inform my counterparts about the very important developments in the Eastern Mediterranean. The Eastern Mediterranean can, under certain conditions, be developed as an alternative energy source for the European Union.

Either we are talking about natural gas - which can be transported in liquefied form from Egypt to Greece and from there to the European gas network - or we are talking about electricity that can be produced, again in North Africa at very advantageous , in ideal I would say, conditions and be transported via a cable, again, from Egypt to Europe via Greece.

The importance of the Eastern Mediterranean, then, lies precisely in this dimension, which is directly linked to the energy security of the European Union, and we will have the opportunity to discuss them at length this afternoon.

"Tomorrow we will discuss the issues of immigration extensively, I will take a position on this issue tomorrow morning."

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