Greece and Romania join forces in energy sector

Gas Interconnector Greece-Bulgaria (IGB) Pipeline

Greece and Romania have agreed to collaborate in the energy sector following a meeting between their respective ministers in Bucharest on Wednesday.

Speficially, Greek Environment & Energy Minister Kostas Skrekas discussed promoting collaboration in the natural gas sector, the completion of the IGB pipeline, and the construction of the floating LNG terminal station in Alexandroupoli with Romanian Energy Minister Virgil Popescu.

Skrekas accompanied Prime Minister Kyriakos Mitsotakis, who went on an official one-day visit to Romania.

The Greek and Romanian ministers discussed the global energy crisis, developments in Ukraine, and the closer collaboration of Greece and Romania to strengthen regional energy security.

Skrekas presented to his counterpart the plan for the Greece-Egypt electricity connection, which could benefit European countries with green energy, and conveyed to Popescu the interest of Greek businesses in investing in Romania's electricity market. In addition, he referred to plans by the Public Power Corporation to participate in renewable energy source (RES) projects in the Balkans.

Following the meeting, Skrekas said, "Romania is a strong energy power, as it is the fourth largest producer of natural gas in the European Union. [...] During a time of geopolitical instability and strong volatility in the energy market, strenthening regional collaboration is particularly important, as it will upgrade energy security, promoting stability and prosperity in the wider region."