The new project, funded in part by the European Commission aims to reduce southeastern Europe's dependence on Russian gas.
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00:00A new natural gas system has opened in the Greek city of Alexandroupolis, consisting
00:05of a floating storage and regasification unit which converts liquefied natural gas back
00:10into gas.
00:12The project is expected to generate 382 million euros in CO2 emission and fuel switch savings
00:19by contributing to the replacement of coal and oil by gas.
00:23It also includes a system of submarine and land pipelines through which natural gas is
00:28imported into Greece and transported to Southeast Europe.
00:33What I can tell you is that Greece, with the existing and now Alexandroupolis infrastructure
00:40plus the investment made in the network, will have by early next year an export capacity
00:47of approximately 8.5 billion.
00:50Southeast Europe has remained one of the areas with the largest dependence on Russian gas.
00:56Building new infrastructure to import LNG from various countries strengthens Europe's
01:01resilience and reduces reliance on this single gas source.