“In recent years, Greece has emerged as a significant energy hub through focused and coordinated efforts, playing a crucial role in enhancing both national and European energy diversification and security,” stated Foreign Minister George Gerapetritis at an event hosted by the Association of Retired Greek Diplomats titled “Energy and the Southeast Mediterranean.”
He highlighted that the developing energy collaborations, including electrical interconnections like GREGY with Egypt and GSI with Cyprus and Israel, along with the operations of industry giants Exxon and Chevron in Greece, underscore the country’s economic and geopolitical significance.
Robust Regulatory Influence
“Moreover, the establishment of natural gas storage facilities, such as the LNG terminal in Revithoussa and the Floating Storage and Regasification Units (FSRU) in Alexandroupolis, positions Greece as a strong regulatory influence in the energy sector across the Southeastern Mediterranean region,” he added.
Gerapetritis also noted that the diversification of Greece’s energy mix, featuring a substantial increase in renewable sources, has transformed the country’s energy philosophy and significantly enhanced its status.
Additionally, the minister discussed a diplomatic advancement that, combined with Greece’s strategic geographic position and its prominent role in global shipping, will enable the country to contribute to the ambitious India-Middle East-Europe Economic Corridor (IMEEC), which aims to serve as India’s gateway to Europe.
