Ministers, diplomats and major energy and tech companies from Europe and the US will meet in Athens on November 6–7 for the Partnership for Transatlantic Energy Cooperation (P-TEC), focusing on LNG, energy security and future investment in the Eastern Mediterranean
Athens aims to strengthen its geopolitical position by deepening energy ties with Washington, positioning itself as both a consumer market and a gateway for US LNG to Europe, while Ankara struggles to decouple from Russian gas
While in New York, the minister also conferred with EU Commissioner for Climate Action Wopke Hoekstra on the sidelines of the UN Climate Summit.
Both sides acknowledged the importance of supporting island communities and stressed the need to ensure that non-EU countries comply with fishing and marine protection rules.
“We see tremendous potential here in Greece,” Burgum emphasized, praising the country as a “superb partner” capable of extending energy security and stability across Southeastern Europe.
Papastavrou noted that in 2005, about 60% of Greece’s electricity came from lignite, while renewable energy now accounts for nearly 60%,
Last week, Papastavrou signed the acceptance of interest for the two Cretan blocks, while similar decisions regarding the two Ionian Sea blocks were signed by his predecessor.
The Minister emphasized that natural gas is crucial for Greece and Europe's green transition as a bridge fuel, citing recent unfavorable weather in Central Europe that rendered wind turbines and solar panels ineffective.
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