Maroš Šefčovič: Greece can become an energy hub for natural gas

European Commission vice-president Maroš Šefčovič has touted Greece’s potential in the energy sector, saying that energy reforms and the new institutional framework would help attract energy investments into the country.

The energy sector in Greece is an important pillar for the country’s transition to sustainable and outward-looking growth, he told the Sustainability Summit for Southeastern Europe and the Mediterranean, a conference organised by The Economist, as “Greece has enormous potential to become an energy hub for gas and electricity in Southeast Europe”.

At the same time, as he pointed out that “due to their significant advantages for Europe, projects such as the Greek-Bulgarian energy interconnection, the TAP gas pipeline or the LNG terminal in Alexandroupolis are among projects of common interest to the EU”.

Greece is in the unique position to benefit from the European Energy Initiative for the Islands, as the Greek islands, according to the European official, can become pioneers in the energy transition if they use local energy resources, solar, wind and marine energy, adopting new innovative technologies and integrating the local production of Renewable Energy Sources (RES) into energy systems.

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(Photo: EC audiovisual service)