Greece proposes Libyan gas pipeline

Uchenna Izundu
International Editor

LONDON, Dec. 14 -- Greece is interested in having a new gas pipeline from Libya to the island of Crete, according to media reports. Details have not yet been released, but the two nations are in consultation regarding the project.

Senior Greek business officials, led by Greek Deputy Minister for Foreign Affairs Petros Dukas, are visiting Libya to strengthen relationships on several fronts, including energy, transport, telecoms, and tourism.

Greece is a major consumer of Libyan oil and petroleum products, with trade estimated at about $1.2 billion in 2007.

Contact Uchenna Izundu at uchennai@pennwell.com.

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