Replies to post #235454 on Tornado Alley (PROG)

[arizona1]

Russia says to support Greece recovery by deepening energy cooperation

Russia intends to support an economic recovery in Greece by expanding cooperation in the energy sector, Russian Energy Minister Alexander Novak said on Sunday.

Novak said in a statement sent to reporters that Russia was considering the possibility of organizing direct energy supplies to Greece and hoped to reach an agreement on this within the next few weeks.

Greece currently buys Russian gas delivered by pipeline via Ukraine and the Balkan countries as well as Russian oil, usually through tenders from the Black Sea port of Novorossiisk.
Read more: http://www.reuters.com/article/2015/07/12/us-eurozone-greece-russia-energy-idUSKCN0PM0H320150712

“Russia intends to support the recovery of the Greek economy by increasing cooperation in the energy sector. Therefore we are looking into options for facilitating direct energy supplies to Greece in the near future," the minister said.

According to Novak, the Russian Energy Ministry is planning to come to an agreement on energy supplies to Greece “within weeks.”

The potential of Russian-Greek relations was speculated on in June on the sidelines of the St. Petersburg International Economic Forum. Minister of Economy, Infrastructure, Shipping and Tourism Giorgos Stathakis said these relations have "a lot of potential" and will develop further once "problems" between the EU and Russia have settled down.
http://rt.com/business/273223-russia-greece-energy-supplies/

The latest list of reforms that Greece must meet if it wants another bailout from Europe reportedly includes the privatisation of the national grid.

Russia may thus get another opportunity to assist Greece in the energy sector, profit from it and improve Russian-EU relations in the process.
http://www.democraticunderground.com/10141144254