Greece's Hellenic Gas Transmission System Operator (DESFA) and North Macedonia's NER JSC Skopje have signed a cooperation agreement for the development and construction of an interconnected natural gas pipeline.
The new pipeline between the two countries was agreed at the 5th Southeast Europe Energy Forum held in Thessaloniki.
The 123-kilometer pipeline will be capable of transporting at least 1.5 billion cubic meters of natural gas per year.
The project is worth €110 million euros according to a press release from the Greek Environment and Energy ministry.
The pipeline will enhance Greece's geopolitical role as a regional natural gas hub and will help North Macedonia reduce its environmental footprint and decarbonise its economy, the Greek minister said.
The deal paves the way for the creation of thousands of jobs and will help the further development of the two economies, the release added.
The deal was signed by DESFA CEO Maria Rita Galli and NER JSC Skopje executive director Bajram Rexhepi.
This was done in the presence of Greek Environment and Energy Minister Kostas Skrekas, and the US Ambassadors to Greece Geoffrey Pyatt and to North Macedonia Mary Kate Byrnes.
The Southeast Europe Energy Forum is organised by the American-Hellenic Chamber of Commerce and the Hellenic Association for Energy Economics, in cooperation with the US Embassy in Greece and the strategic support of the Atlantic Council and the US Chamber of Commerce.
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