including through projects that contribute to energy diversification and the integration of the pipeline network in Southeast Europe, a region where gas markets are less interconnected and more reliant on Russia.
Policy Recommendations
thereby adding the Aegean as a new corridor to Central Europe’s energy network, and turning the 3+1 mechanism with Israel, Greece, and Cyprus into a quad, with a bigger role for the U.S. and renewables.
and its position as a top producer of renewable energy to increase green energy production in the region, including by using the Energy Hydrogen Shot to develop renewable hydrogen that can be exported to Central Europe from or via Greece.
and develop flexible and innovative solutions of financial support from official and other sources, including from the Development Finance Corporation.
to transmit an increasingly green share of electricity from Israel, Egypt, and beyond, opening the European market to renewable energy from a region that is particularly impacted by climate change.
under the light of the ongoing geopolitical and energy crisis: via LNG in the short to medium term, and potentially via the East Med Gas Pipeline or its possible improvements in the medium term.
New gas storage, such as the Kavala underground storage facility, can help increase the energy security of Greece and Southeastern Europe.
and encourage booking long-term capacity to help Greece and the region address potential gas-supply problems, especially in case of a sudden stop in Russian gas supplies.
and establish a US-Greece Energy Center focusing on R&D in renewable energy to accelerate the green transition while benefiting bilateral trade and investment.
and actively support regional cooperation by setting up the Congress-supported US-Eastern Mediterranean Energy Center, expanding its reach to also include renewable energy.