Gazprom, Edison, DEPA Sign Memorandum for ITGI Project‏



    natural-gas-pipelineGazprom, Edison and DEPA on Wednesday signed a memorandum of understanding in Rome for the development of a natural gas pipeline project linking Greece and Italy, which will bring closer to completion a south corridor for the supply of Russian natural gas to Europe.

    The memorandum was signed by Gazprom’s chief executive Alexei Miller, Edison chief executive Marc Benayoun and DEPA chief executive Theodore Kitsakos.

    The agreement reflects the interest of all three parties to transport natural gas from Russia — through the Black Sea and third countries — to Greece and to Italy.

    DEPA and Edison have formed a joint company, Poseidon, with the aim to build an underwater pipeline linking Greece and Italy. With the agreement signed on Wednesday, the two companies declared they intended to take advantage and to exploit the project already been made by DEPA and Edison in the framework of the ITGI Poseidon project.
    (source: ana-mpa)