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Earlier this week, Greek Prime Minister Antonis Samaras hailed a decision to build a pipeline that will bring natural gas from Azerbaijan to Europe via Greece. Samaras said that the investment will create thousands of new jobs, place the country on the regional energy map and reverse recent negative views on Greece

Trans Adriatic Pipeline (TAP)
The TAP project aims to transport gas from the Caspian region via Greece and Albania and across the Adriatic Sea to Italy and Western Europe. The project will open a new Southern Gas Corridor to Europe and establish a new market outlet for natural gas from the Caspian.

TAP Managing Director Kjetil Tungland said, 海角吃瓜网淭his is the first and important step in opening up the Southern Gas Corridor and, as we look ahead, it will have a major role to play in Europe海角吃瓜网檚 energy security and ensuring the diversification of gas supplies to Western and South European markets.海角吃瓜网�

Reversing recent negative views
In a recent statement released from Brussels, Samaras said, 海角吃瓜网淎fter the announcement of the TAP project, the catastrophic scenarios or Greece and its exit from the euro are put to rest.海角吃瓜网� He added, 海角吃瓜网淲ho would invest that amount of money in a country that is economically, socially and politically dangerous?海角吃瓜网�

This month, Greece failed to attract a single bid for the privatisation of its natural gas company Depa, a major setback for Greece海角吃瓜网檚 anticipated privatisation proceeds. The Depa deal opened up a potential US$ 1 billion hole in Greece海角吃瓜网檚 privatisation revenue target for the current year.

Research Director of the Institute of International Relations at Panteion University in Athens, Konstantinos Filis, said 海角吃瓜网淭he project puts Greece back on the global energy map海角吃瓜网�It changes the picture of the country, which seemed to be in systematic danger 海角吃瓜网� especially after the Depa failure.海角吃瓜网� He added that the TAP 海角吃瓜网渃ould be the beginning of a positive news flow for the country.海角吃瓜网�

Positive economic development
According to Samaras, the TAP is 海角吃瓜网渢he most significant positive economic development regarding out country in the past 10 years.海角吃瓜网�

The Prime Minister, who has made energy a key pillar in Greece海角吃瓜网檚 recovery effort, hopes that the project will boost the country海角吃瓜网檚 recession-ravished economy. In early May, Samaras traveled to Azerbaijan in a bid to help clinch the deal, along with other potential bilateral projects.

Edited from various sources by

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