Greece admits to signing Russia’s South European pipeline deal

Greek Energy Minister Panagiotis Lafazanis

After weeks of obfuscation, Greece has finally admitted that it has signed a deal agreeing to the construction of the South European Pipeline through its territory.  The deal, which was cemented at last month’s SPIEF forum in St Petersburg, provides for a £2bn pipeline capable of transporting 47bn m³ a year from Russia to Europe via the controversial Turkish Stream project. Construction of the pipeline will create 20,000 jobs, Greece’s energy minister Panayotis Lafazanis claimed this week.