![Sozcu: Greece and Bulgaria are discussing a plan to bypass Turkey](https://www.ot.gr/wp-content/uploads/2022/12/bota.jpg)
The setting of a maximum price for Russian oil by the European Union and the increase in transit fees in the Bosphorus Strait has mobilized Greece, which has been experiencing tensions with Turkey for a long time, notes Turkish website sozcu.com.tr (from where the photo, above).
Back to the drawing board
According to reports by the Qatar-based television network Al Jazeera, Greece and Bulgaria are back at the table to plan an alternative gas pipeline to the Straits, which was previously abandoned.
Speaking to Al Jazeera about the talks, Bulgarian Energy Minister Roman Christov said the 280km pipeline planned to be built between the ports of Alexandroupolis on the Aegean and Burgas on the Black Sea could be extended to Romania.
He pointed out that his country is exempt from the sanctions on Russian oil for two years, but they will face problems due to the increase of tolls in the Straits, and he stressed that for this reason they have resumed the talks on the design of the Burgas-Alexandroupolis pipeline .
Greek Energy Minister Kostas Skrekas also expressed his support for the plan.
Straights tanker logjam
Britain’s Financial Times reported that due to a price cap imposed by the West on Russian oil, Russian oil tankers coming from the Black Sea had piled up in the Straits in recent days and Ankara wanted new “insurance guarantees” from all vessels.
The new sanction implemented by the EU is expected to cause greater disruption to oil shipments by ship.
The Burgas-Alexandroupolis pipeline project was first put on the agenda in 1993 and the two countries signed an agreement with Russia in 2007.
However, it was abandoned in 2010 amid Bulgarian environmental concerns and US objections over dependence on Russian energy.
Speaking to Al Jazeera, Greek oil industry expert Michalis Myrianthis said there are serious delays in crossing the Straits and the pipeline plan is a good solution.
USA and Alexandroupolis
It was also reported in the media that Turkey in October quintupled the fees for oil tankers passing through the Bosphorus.
Al Jazeera commented that Russia’s invasion of Ukraine increased the geopolitical rivalry between Turkey and Greece.
It has been reported several times in the media that the US saw the port of Alexandroupolis in Greece as an alternative to the Straits and began to actively use it for military missions to NATO countries, the Turkish publication concludes.
![ot.gr](/wp-content/themes/whsk_otgr/common/imgs/fav.ico/favicon-32x32.png)
![ot.gr](/wp-content/themes/whsk_otgr/common/imgs/fav.ico/favicon-32x32.png)
Latest News
![Cosco: Container Traffic Decline at Piraeus Port Continues](https://www.ot.gr/wp-content/uploads/2024/07/olp1-scaled-1-2048x1312-1-600x384.jpg)
Cosco: Container Traffic Decline at Piraeus Port Continues
This strategic shift has diminished Piraeus's standing as a prominent Mediterranean port and a key transshipment hub post-Suez Canal.
![Gov’t Eyes Return of Power Subsidies Amid Spike in Rates](https://www.ot.gr/wp-content/uploads/2024/07/power-lines-2048x1365-1-600x400.jpg)
Gov’t Eyes Return of Power Subsidies Amid Spike in Rates
According to reports, the government will resume an electricity subsidization program, given that forecasts cite disruptions – i.e. higher rates
![ELSTAT: 6.3% Increase in Output Price Index for Agriculture and Livestock](https://www.ot.gr/wp-content/uploads/2024/07/ot_georg_PROIONTA_money-1-600x352.png)
ELSTAT: 6.3% Increase in Output Price Index for Agriculture and Livestock
The 6.3% rise in May 2024 is largely driven by an 8.8% increase in the crop output group, particularly due to changes in olive oil prices, and a 0.5% increase in the animal output group.
![Balkans Blackout Highlights Climate Threats to Power Grids](https://www.ot.gr/wp-content/uploads/2024/07/blackout-1-600x457.png)
Balkans Blackout Highlights Climate Threats to Power Grids
The surge in electricity demand during the heat wave and the power deficit in Balkan markets have driven up prices in the Greek wholesale electricity market.
![Greece in Top 4 Destinations Favored by European Tourists](https://www.ot.gr/wp-content/uploads/2021/06/ploio-600x400.jpg)
Greece in Top 4 Destinations Favored by European Tourists
Greece was selected by 5.9% of respondents who were asked where they would vacation this year, up from 5.4% in the same survey last year
![Scope Affirms Greece’s BBB- Ratings; Revises Outlook to Positive](https://www.ot.gr/wp-content/uploads/2024/06/euros-2048x1365-1-600x400.jpg)
Scope Affirms Greece’s BBB- Ratings; Revises Outlook to Positive
The international ratings firm raised Greece to investment grade in early August 2023
![First Seaplane Test Flights to Skopelos, Alonissos, Skyros](https://www.ot.gr/wp-content/uploads/2024/06/hellenic-seaplanes-pilotikes-ptiseis-ydatino-pedio-lavriou-600x450.jpeg)
First Seaplane Test Flights to Skopelos, Alonissos, Skyros
After decades of on-again, off-again efforts to schedule regular seaplane routes to Greece's numerous island and coastal destinations the prospect now appears within sight
![ELSTAT- Overall Import Price Index for May 2024 up 2.8% y-o-y](https://www.ot.gr/wp-content/uploads/2023/08/unnamed-41.jpg)
ELSTAT- Overall Import Price Index for May 2024 up 2.8% y-o-y
The same price index had decreased 20.8% from May 2022 to May 2023
![Over 7 in 10 Employees Feel Their Contributions Are Not Appreciated](https://www.ot.gr/wp-content/uploads/2024/06/ergasia-ergazomenos-600x300.jpg)
Over 7 in 10 Employees Feel Their Contributions Are Not Appreciated
Specifically, the option "Subjective opinions are prioritized over objective data" ranked highest in importance for young employees, with a score of 3.89 out of 4
![OECD: Job Vacancies on the Rise in Greece](https://www.ot.gr/wp-content/uploads/2024/07/ergasiabusinness-768x556-1-1-600x434.jpeg)
OECD: Job Vacancies on the Rise in Greece
By the fourth quarter of 2023, job vacancies per unemployed person had risen by more than 4, with the index reaching 446 units compared to 100 units in late 2019