USA Worried Over Russian-Funded “Turk Stream” Gas Pipeline in Greece



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US State Department envoy for energy affairs Amos J. Hochstein, suggested to the Greek government not to give in to pressure by Russia regarding Moscow’s gas pipeline project during a meeting with Greek foreign minister Nikos Kotzias, in Athens on Friday.

Struggling for revenues, crisis-stricken Greece has been looking for new sources of income and the construction of “Turk Stream” gas pipeline could bring up to 5.0 billion euros to the country.

USA encouraged Greece to support the rival Western-backed plan that would bring natural gas supplies from the city of Azerbaijan to Europe through the Trans-Adriatic Pipeline (TAP) crossing through Turkey, Greece, Albania and the Adriatic Sea instead of the Turk Stream which would transport Russian natural.

Speaking to the press after his meeting with Nikos Kotzias, Amos Hochstein said: “What we agreed on is that it’s important to focus on what projects are on the table today and that is TAP, that will interconnect to the Azerbaijani pipeline. That is what’s on the table for Greece today.”

“Turk Stream doesn’t exist. There is no consortium to build it, there is no agreement to build it. So let’s put that to the side, and wait until there’s some movement on that and see if that’s relevant or not relevant and in the meantime focus on what’s important — the pipeline we already agreed to, that Greece already agreed to,” the US envoy added.

Greece’s Energy Minister Panagiotis Lafazanis presented Greece’s position in a statement that followed after the talks: “There is no reason why Russia should not be a supplier of gas into the region and the U.S. does not challenge that in any way, but having other sources of gas would help prices, reliability of supply and and it will also help take the political element out of the supply system.”

The United States is concerned that Greek consideration of an extension of a “Turkstream” pipeline across Greece will not increase energy diversification, may be of concern to EU competition authorities, and is not a long-term solution to Greece’s energy needs.

During his Athens visit, Special Envoy and Coordinator for International Energy Affairs at the U.S. Department of State Amos J. Hochstein held  discussions with Minister of State Nikos Pappas, Minister of Foreign Affairs Nikos Kotzias, Minister of Productive Reconstruction, Environment and Energy Panagiotis Lafazanis, and energy company officials.


5 COMMENTS

  1. No wonder Greece is quickly becoming a third world country. Who do you think finances European businesses ? Who do you think invests in Greece ? Obviously, you are not well educated. Because you would know it’s U.S. money keeping Greece afloat.

    All Greece now has is tourism, since the Greek taxation system has destroyed the industrial, and business infrastructure in Greece. That may also be destroyed with this new proposed 18% VAT on tourist.

    The largest tourist base that spends more money in Greece than any other………… are American tourists. If Americans quit coming to Greece, the Greek tourist industry collapses. Plain and simple.

    The U.S. does not need Greece. It is the world’s number #1 economy and has twice the GDP of China now ranked #2. However, Greece needs the U.S.. In addition, not only is Russia a declining economic power, but doing Business with Russia comes at a price that Greece can not afford.

    The U.S. is the only country that can help Greece. Greece has 30% unemployment according to Greek sources. Personally, I believe it’s much higher than that. You don’t want U.S. investment in Greece ? No problem. However, if that is the case, you can expect Greece to have the economy of Bangladesh.

    Phil, no one in the U.S. is trying to delete Greeks. I read your radically flawed, and incorrect theory, which has no facts to support your position. You sound extremely paranoid.

  2. Wrong again. Goldman Sachs, as well as Wall Street are as corrupt as it gets. Don’t blame the U.S. for the conduct of Goldman Sachs, as well as the criminals at Wall Street.

    Goldman Sachs employees have been arrested and charged with criminal finance deals by U.S. authorities. As has Wall Street people.

    These are private institutions, and are not part of the U.S. government. In addition, Wall Street people are private investors from many countries not just the U.S..

    American investments are small in Greece, and Europe ? Did you finish at least a high school education level ? Where do you come up with this garbage ? Do you just make it up ? Who do you think finances European Banks ? Who do you think finances European businesses ? Not only European banks and businesses, but even Russian banks and businesses. That’s why Russia’s economy is in crisis because the U.S. shut off access to U.S. loans.

    Wrong again. Your comment regarding China being the number one economy is absurd, and again clearly demonstrates you have no idea what you are talking about.

    World economy rankings are rated by GDP which is the only valid, and accepted rating. Right now the U.S. has close to twice the GDP China has. That makes the U.S. NOT China as the world’s strongest economy. If you had any common sense you would be aware of that fact.

    PPP is a rating the media came up with about 6 months ago, which has no standing. Why did the media do this ? So gullible people such as yourself purchase their services, and information. The PPP claim was so outrageous the idiots that made the rating up knew it would draw attention. What is even more absurd about the PPP is it’s based on ESTIMATES, and not actual data to back up what the PPP claims.

    Wrong again. As far as education ? Even China, as well as Russia, sends it best scholars to U.S. universities. To be admitted to American Universities you must meet academic educational requirements. I can see by your flawed thought process, you would not qualify to meet those U.S. academic requirements.

    I will give you credit for being consistent. Consistent at being wrong that is. When you receive a better education, and know facts instead of delusions, come back and I’ll be happy to debate the issue with you. Because right now this discussion is not a fair one, or an intellectual challenge for me.

  3. Laughable. Give at least some substantial examples of the american funding of European business. You can’t. The only thing they do is speculate. Why are there so few US cars sold in Europe? Because they are crap. On the other hand, European cars are the most attractive in the US. US is only fat food and lawyers.

  4. Laughable. Give at least some substantial examples of the american funding of European business. You can’t. The only thing they do is speculate. Why are there so few US cars sold in Europe? Because they are crap. On the other hand, European cars are the most attractive in the US. US is only fat food and lawyers.

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