Greece offers the European Union to import natural gas or electricity from North Africa as an alternative to the energy crisis.
Ahead of the Council of Europe meeting on Thursday, Prime Minister Kyriakos Mitsotakis said he would inform his colleagues about developments in the Eastern Mediterranean, which “under certain conditions could become an alternative source of energy for the European Union,” through the transmission of natural gas or green electricity from the North Africa (Egypt) through Greece.
Some options would be to buy natural gas from the EU or to increase storage of natural gas to prevent short-term price spikes when demand rises. reports said.
He added that the agenda of the meeting is likely to be dominated by the energy issue.
In this context, the Eastern Mediterranean can conditionally become an alternative source of energy for the European Union, Mitsotakis said.
For example, “liquefied natural gas could be transported from Egypt to Greece and then into the European gas network, or electricity could be produced in North Africa under ideal conditions and transmitted by cable from Egypt to Europe via Greece,” he said.
According to him, in this light, the security of the Eastern Mediterranean takes on a different meaning.
It should be recalled that three days ago at the Trilateral Summit with the participation of Egypt and Cyprus in Athens, Prime Minister Mitsotakis promised connect the Egyptian power grid with the European Union using a submarine cable.
The Greek prime minister did not specify what kind of gas we are talking about. Apparently, we are talking about gas from the Zohr field, which so far provides mainly the domestic market. What Mitsotakis had in mind when talking about green electricity is not clear. Solar power plants in the Sahara?
Zohr (Arabic: حقل غاز ظهر) is a gas field on the Mediterranean shelf.
The field is located off the coast of Egypt. Discovered by an Italian company Eni… According to the company’s press release, the field potentially contains up to 453 billion cubic meters of gas in an area of about 100 square meters. km. This is approximately 5.5 billion barrels of oil in terms of energy.
Gas production at the field began in December 2017. All gas produced from the Zohr field is supplied to the Egyptian national gas network. Gas production at the field in the first half of 2019 amounted to 11.3 billion cubic meters of gas, and the construction of enterprises for the production of liquefied gas has not even been envisaged.
The operator of the project is the ENI company (50% participation). Other participants – PJSC “NK” Rosneft “(30%),” BP “(10%),” Mubdala Petroleum “(10%)