The foundations for Greece’s emergence as an energy hub not only in the natural gas and electricity sectors but also in the capture, transport and storage of carbon dioxide are being laid with the new institutional framework passed by the Parliament and the investment initiatives of large business groups in the country.

The characteristics and prospects of the new activity that is opening up for our country were presented at the Industrial Carbon Management Forum organized in Athens by the European Commission in collaboration with the Hellenic Hydrocarbon and Energy Resources Management Company (EDEYEP).

As the CEO of EDEYEP, Aristophanis Stefatos, emphasized in his statements to ΑΝA-ΜPΑ:

“Our country has all the conditions to develop into a regional CO2 transport hub, connecting the Southern, Central and Eastern Mediterranean with appropriate and safe geological storage facilities. Our vision is for Greece to operate as a stable partner in collaborations with Italy, the Balkan countries and the Eastern Mediterranean, such as Egypt, substantially contributing to the common goals for a competitive and climate-neutral regional economy.”

He added: “The integrated management of carbon dioxide emissions is a crucial factor for achieving European climate goals. Until recently, Northern and Central Europe was at the forefront in this direction, with emblematic projects such as Northern Lights. In recent years, Greece has made progress, through the close cooperation of the State and private entities, ensuring European funds for CO₂ Capture and Storage (CCS) projects exceeding 920 million euros, while there are prospects for leveraging investments of up to 4 billion for the development of a domestic transport and storage chain”.