Greece looks to Canada for energy investment

- February 27th, 2013


Greek Foreign Minister Dimitris Avramopoulos wants Canada to know his country is open for business — especially in the energy sector.

“Canada has the expertise, the know-how and we count on this co-operation,” Avramopoulos said Wednesday at a joint news conference with Canadian counterpart John Baird while on an official visit.

Greece hopes that by mid-2013 a seismic survey will help determine its offshore natural gas deposits, estimated to be large enough to generate $600 billion in government royalties over 25 years.

Avramopoulos says he sees opportunities in mining and tourism as well.

“We have created a friendly and hospitable investment environment,” he said.

Baird joked that there was only one negative to his meeting with Avramopoulos.

“We had strong disagreements on which is better, the quality of the beaches in Cavendish, Prince Edward Island, or in Santorini,” he said. “We both agreed that more research is needed.”

Categories: Conservatives, Economy, Environment, Foreign affairs, General, Government, Politics

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1 comment

  1. Jen says:


    Canada better beware! if the enviros continue trying to shut down and prevent the pipelines…Canada will loose out.

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