Qatari companies have cancelled their plans for a private 2.5 billion euro liquified natural gas and power project at the Astakos port in western Greece. This result is due to disagreements with Italy concerning LNG prices.
However the cancellation of the project should not affect the 5 billion euro bilateral deal signed between the Greek and Qatari governments last month in New York.
The Qatari companies sent a letter to Greece’s Deputy Foreign Minister, stating that they withdraw their interest in Astakos citing viability concerns.
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