23 May, 2007
The European Commission on Tuesday conditionally approved a joint application tabled by Greece and Italy for the exclusive use of a Greek-Italian natural gas pipeline.
The regulation is foreseen in Article 22 of Community Directive (2003/55/EK) and safeguards, for Greece's DE.PA (Public Gas Corp.) and Italy's Edison, exclusive control and management of the natural gas pipeline.
The project envisions the linking of the two countries' natural gas grid via an underwater pipeline the southern Adriatic connecting the northwest Greek port town of Igoumenitsa with Otranto, with a capacity of 8.8 billion cubic metres of natural gas per annum. The construction of the pipeline is expected to begin in 2008 and be completed in 2011.
Source: Macedonian Press Agency