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Route of Poseidon gas pipeline still to be advised - Energy Minister Novak

April 16, 18:53 UTC+3 ROME
Poseidon is the marine part of the Southern Gas Corridor project from Turkey to Italy through Greece
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Alexander Novak

Alexander Novak

© Stoyan Vasev/TASS

ROME, April 16. /TASS/. The route of the Poseidon natural gas pipeline from Russia to Greece is still to be advised, Russia’s Minister of Energy Alexander Novak told reporters on Saturday.

"As of now, a memorandum is signed, the companies, planning participation, will make certain research, and then will make a decision what’s next, perhaps will come to some detailed agreements," the minister said.

On February 25, gas giant Gazprom signed a memorandum of understanding with Italian energy firm Edison and Greek gas company DEPA on natural gas deliveries from Russia to the future gas pipeline ITGI, which will link Greece and Italy. For this purpose, the sides intend to use the results of the works carried out by Edison and DEPA under the ITGI (Interconnector Turkey-Greece-Italy) Poseidon project.

Poseidon is the marine part of the Southern Gas Corridor project from Turkey to Italy through Greece: the pipeline will run along the bed of the Ionian Sea to link the Greek and Italian gas transportation systems. The project, which had been discussed from 2005, was intended to transport Azerbaijani gas to Italy. But it actually ground to a halt from 2009 as Azerbaijan opted for the TAP pipeline for its natural gas deliveries. Now the ITGI project can regain its significance but in a new format.

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