Opportunity Abundance Message Energy sector of Greece U.S. Under Secretary of State for Energy Geoffrey Pyatt addressed international investors during his speech at the annual Greek Investment Conference Capital Link in New York. Mr. Pyatt referred to the incentives of the Inflation Reduction Act, while noting that our country is a stable partner of the US, which will continue to play a central role in Europe’s energy security. and energy transition. “Now that Russia has proven once and for all that it is an unreliable energy supplier, Greece’s role as an energy hub in Southeast Europe with access to supplies from all over the world is more important than ever. US LNG suppliers and service providers have increased their exports to Greece and the rest of Europe,” he said.

Mr Payat argued that Greece’s transformation into an energy hub was made possible by long-term investments in projects such as the connection between Greece and Bulgaria, the Revitussa LNG terminal and the trans-Adriatic pipeline. In this light, he estimates that Greece’s regional importance will continue to grow with the implementation of the Alexandroupolis Floating LNG Storage and Gasification Terminal (FSRU) and the pipeline linking Greece and North Macedonia (IGNM). Improving and expanding this infrastructure while minimizing its carbon footprint is another promising area for investors, he said.

Regarding the promising outlook presented by our country for US investment in renewable energy, Mr. Pyatt emphasized that “Greece hosts a growing renewable energy sector with potential for development in the fields of wind, solar and green hydrogen. . At the same time, the US deputy also gave examples of Greek companies that have expanded their manufacturing operations in the US, such as battery company Sunlight, which is focusing on the energy storage market, and Hellenic Cables, which is investing in an idle plant in Maryland. With these data, he pointed out that transatlantic investments demonstrate that the transition to clean energy is beneficial not only for the planet, but for all economies.

Concluding his speech, Geoffrey Pyatt said that the US government sees Greece as an attractive investment destination. Therefore, he looks forward to the support of energy companies interested in investing or establishing joint ventures in Greece, and welcomes Greek companies interested in investing in the US. “Greek-American relations continue to be strong politically, economically and militarily. Particularly rejoicing is the Greek-American investment partnership, which declares its intention to continue efforts to ensure Europe’s energy security this winter and beyond, while increasing investment for the transition to clean energy,” he stressed.