Les Échos: Rearrangement of energy flows in Europe – “Athens takes revenge on Berlin”

by

The newspaper notes that although Germany was the one who dreamed of becoming a European gas hub, Greece will eventually play that role as it plans to install two new import terminals

The rearrangement of energy flows in Europe with the increase in imports of liquefied natural gas (LNG) refers to research by the French economic newspaper Les Échos.

Noting that Croatia’s Finance Minister Marko Primorac has said that his country wants to become a “regional energy hub”, the paper points out that Croatia is not the only country to see its role changed by the energy crisis rocking Europe, as almost all landlocked countries have entered the LNG race. “With LNG, we are witnessing a diversification and globalization of Europe’s natural gas supplies. The landscape is being completely redesigned,” observes analyst Vigneugen of the Institut Delors in Paris, while for his part the director of the Energy Center of the French Institute of International Relations (Ifri) Marc-Antoine Éil Matzega points out that the coast of northwestern Europe is now becoming the main point input for natural gas.

It is also noted that Greece plans to install two new import terminals, with French political science professor Thierry Bros stating that “Athens is taking revenge on Berlin. Germany has dreamed of becoming a European gas hub, thanks to the Nord Stream 1 and 2 gas pipelines that connect it directly to Russia under the Baltic Sea. Ultimately, it is Greece that will play that role, on a smaller scale, admittedly, by supplying natural gas to Bulgaria, which is deprived of Russian gas.”

You May Also Like

Recommended for you

Immediate Peak