Environment and Energy Minister George Stathakis on Thursday welcomed the European Commission's decision about the Greece-Bulgaria Interconnector (IGB) gas pipeline, which found that the plans for the construction and operation of the pipeline were compatible with EU rules on state subsidies.

"This decision opens the way to starting construction of the IGB. This vertical axis diversifies sources of supply and can channel natural gas from the TransAdriatic Pipeline (TAP) and quantities of Liquified Natural Gas (LNG) from the terminals at Revythousa and Alexandroupolis. It is a project of strategic significance, which makes Greece an energy hub for the greater region of Southeastern Europe and a main energy portal for Europe, contributing to the unification prospects of the European energy market," he said.