{"id":474553,"date":"2021-11-30T12:30:06","date_gmt":"2021-11-30T12:30:06","guid":{"rendered":"https:\/\/www.kapitalafrik.com\/?p=474553"},"modified":"2021-11-30T12:30:06","modified_gmt":"2021-11-30T12:30:06","slug":"greek-depa-interested-in-lng-from-egypt","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2021\/11\/30\/greek-depa-interested-in-lng-from-egypt\/","title":{"rendered":"Greek Depa interested in LNG from Egypt"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div><p>Greek gas importer Depa could soon source LNG from Egypt. Energy ministers of the two countries signed a memorandum of understanding on November 25 in Cairo, aimed at expanding bilateral cooperation between Greece and Egypt.<\/p>\n<p>In a statement issued on Monday (November 29th), the Greek state-owned gas group said that &#8220;the strategic cooperation between Greece and Egypt creates opportunities for specialized agreements between Depa Trading and Egas, the Egyptian state gas company&#8221;. Such an agreement contributes &#8220;to Greece&#8217;s ambition to become an energy center for the south-eastern Mediterranean&#8221;.<\/p>\n<p>Greece has an operating LNG import terminal at Revithoussa, which began operations in 2000 and increased capacity in 2018. However, the government is supporting a second plant at Alexandroupolis as part of efforts to transform the country into a regional gas hub, with a third import terminal also being developed by the Greek company Motor Oil.<\/p>\n<p>Greece received ten cargoes from Algeria under the long-term supply contract between the two countries, while nine more cargoes were imported from the United States and six from Qatar.<\/p>\n<p>According to Konstantinos Xifaras, CEO of Depa, this Greek-Egyptian merger will allow Greece to diversify its sources and routes of supply. The goal is to ultimately achieve energy self-sufficiency.<\/p>\n<p>In addition to the agreement with Greece, Egypt also signed a new agreement with Israel. The country has also moved closer to Cyprus. Greece, Israel, Cyprus and Egypt together constitute an energy cooperation in the making in the Mediterranean<\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>Greek gas importer Depa could soon source LNG from Egypt. Energy ministers of the two countries signed a memorandum of understanding on November 25 in Cairo, aimed at expanding bilateral cooperation between Greece and Egypt. In a statement issued on Monday (November 29th), the Greek state-owned gas group said that &#8220;the strategic cooperation between Greece<\/p>\n","protected":false},"author":527297,"featured_media":474554,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[12028,12036],"tags":[13894,20300,20299,17231],"class_list":{"0":"post-474553","1":"post","2":"type-post","3":"status-publish","4":"format-aside","5":"has-post-thumbnail","7":"category-energy","8":"category-sectors","9":"tag-egypt-en","10":"tag-energy-ministers","11":"tag-greek-depa","12":"tag-lng","13":"post_format-post-format-aside","14":"pmpro-has-access"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Greek Depa interested in LNG from Egypt - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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