
A top Greek energy ministry official forecast that the east Mediterranean country will be able to annually absorb another one billion cubic meters of Azeri natural gas in the near future, speaking at a high-profile event in Baku on Friday.
In speaking during the 9th Southern Gas Corridor Advisory Council in the Azerbaijan capital, ministry secretary general for energy and mineral resources Alexandra Sdoukou first cited the significant role played by Caspian Sea natural gas deposits, and especially Azerbaijan, in serving as an alternative supplier of the energy source, especially after the completion of the southern corridor’s Trans Adriatic Pipeline in 2020.
The latter runs across the breadth of northern Greece.
Sdoukou, who attended the event in place of Greek Energy Minister Costas Skrekas, also emphasized that Athens welcomes the future doubling of TAP’s capacity by another 10 billion cubic meters on a yearly basis, something that will also benefit other markets in southeast Europe.
As an example, she pointed to the Greece-North Macedonia inter-connector, which will soon enter in the final investment decision phase.


Latest News

Greece’s Retail Sector Turnover Sees 2.4% Growth in 2024
Among the regions, the North Aegean recorded the highest turnover growth in 2024, with a 3.8% increase, followed by Attica with 3%.

Greece Reallocates Emissions Funds, Prioritizing Industry Over Consumers and Green Transition
Greece shifts €152 million in emissions funds to aid energy-intensive sectors like aluminum and steel at the expense of support for consumers, renewable energy and the green transition.

Santorini Tourism Union Demands Emergency Support Amid Cyclades Seismic Crisis
The Greek government is reportedly considering a mini support package for Santorini, to be activated if the island's seismic activity persists for an extended period.

Societe Generale Says Greek Stock Market Appealing
The French multinational bank and financial services company firm highlights notable differences in equity risk premiums between Eurozone core and peripheral countries

Greece a Safe Destination, Says Tourism Minister Kefalogianni
The Minister noted that Santorini was geologically unique, reassuring everyone that the Tourism Ministry was in close cooperation with experts to monitor the situation and take appropriate measures

Life Expectancy Rise in Europe Slows Down – Greece, UK Record Highest Declines: Lancet Medical Journal
Poor diet and lack of physical activity are seen as key factors contributing to the negative trend.

Capital Ship Management and Lloyd’s Register Complete the World’s First Tanker On-shore Power Supply Compatibility Assessment
This innovative project marks a significant step forward in the transition towards sustainable port operations

Greek Airports See 12.6% Surge in Passenger Traffic in January 2025
The steady extension of the tourist season is fueling optimism, highlighting Greece’s strong position as a top global destination

Greek Foreign Minister Gerapetritis to Meet U.S. Counterpart Rubio in the U.S.
Greek FM Gerapetritis will be in the U.S. to speak before the United Nations Security Council in New York on Monday and Tuesday, focusing on the war in Ukraine and developments in Syria.

National Bank of Greece (NBG) Stocks Remain Attractive: UBS
In this context, UBS maintains its “buy” recommendation with a price target of €11.20.