Russia, Italy, Greece plan new natural-gas delivery route via Black Sea

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Russia, Italy and Greece recently signed an agreement to create a southern route to transport natural gas via the Black Sea from Russia to its European customers.

Gazprom Management Committee Chairman Alexey Miller, Edison SpA CEO Marc Benayoun, and DEPA SA CEO Theodoros Kitsakos all signed a memorandum of understanding to establish the new gas route, by way of Greece and Italy.

The route agreement allows more reliable and greater gas exportation from Russia to locations in all corners of Europe and was designed to correspond with all relevant EU laws.

“The potential development of a new supply route, which is planned to be implemented in full compliance with EU laws, will strengthen Italy's gas supply security, as well as its role as an important natural gas supply hub in Southern Europe, which is in line with the objectives of the National Energy Strategy,” Benayoun said.

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