G. Pyatt: “The U.S. strongly supports DEPA’s participation in the Alexandroupoli FSRU”

The CEO of DEPA, Mr. Konstantinos Xifaras met, yesterday, with the U.S. Ambassador to Greece, Mr. Geoffrey Pyatt.

The meeting focused on the recent energy related developments in Southeast Europe as well as on the progress of significant projects in the wider region, currently under way or in design phase, such as the IGB pipeline, Alexandsroupoli FSRU and EastMed pipeline, which is of strategic importance.

After the meeting, Ambassador Pyatt said:

“Greece is a leader in the Balkans in providing energy security and diversification of energy sources, and DEPA is key to its strategy. The U.S. therefore strongly supports DEPA’s participation in major projects that advance this strategy, particularly the Alexandroupoli FSRU, the IGB, TAP and potential EastMed pipeline, which are literally changing the energy map of Europe. These projects are critical for regional peace and security and will make Greece a regional energy hub.”

Mr. Xifaras noted:

We discussed, with Mr. Ambassador, the course of significant energy projects currently under way in our neighbourhood, in which DEPA has a leading role.  Over the past months, our company is striving to strengthen its position in the regional energy market, achieving notable cost reductions as well as expanding its activities in new sectors and products. At the same time, we remain focused on the double privatization and we upgrade our participation in these international projects which turn Greece into a regional energy hub, safeguarding, at the same time, the diversity of supply sources to the benefit of the country and consumers.”

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