The Hellenic Navy (HN) (Greek: Πολεμικό Ναυτικό, Polemikó Naftikó, abbreviated ΠΝ) is the naval force of Greece, part of the Greek Armed Forces. The modern Greek navy has its roots in the naval forces of various Aegean Islands, which fought in the Greek War of Independence. During the periods of monarchy (1833–1924 and 1936–1973) it was known as the Royal Navy (Βασιλικόν Ναυτικόν, Vasilikón Naftikón, abbreviated ΒΝ).The total displacement of all the navy's vessels is approximately 150,000 tons.The motto of the Hellenic Navy is "Μέγα το της Θαλάσσης Κράτος" from Thucydides' account of Pericles' oration on the eve of the Peloponnesian War. This has been roughly translated as "Great is the country that controls the sea". The Hellenic Navy's emblem consists of an anchor in front of a crossed Christian cross and trident, with the cross symbolizing Greek Orthodoxy, and the trident symbolizing Poseidon, the god of the sea in Greek mythology. Pericles' words are written across the top of the emblem. "The navy, as it represents a necessary weapon for Greece, should only be created for war and aim to victory."...............The Hellenic Merchant Marine refers to the Merchant Marine of Greece, engaged in commerce and transportation of goods and services universally. It consists of the merchant vessels owned by Greek civilians, flying either the Greek flag or a flag of convenience. Greece is a maritime nation by tradition, as shipping is arguably the oldest form of occupation of the Greeks and a key element of Greek economic activity since the ancient times. Nowadays, Greece has the largest merchant fleet in the world, which is the second largest contributor to the national economy after tourism and forms the backbone of world shipping. The Greek fleet flies a variety of flags, however some Greek shipowners gradually return to Greece following the changes to the legislative framework governing their operations and the improvement of infrastructure.Blogger Tips and Tricks
This is a bilingual blog in English and / or Greek and you can translate any post to any language by pressing on the appropriate flag....Note that there is provided below a scrolling text with the 30 recent posts...Αυτό είναι ένα δίγλωσσο blog στα Αγγλικά η/και στα Ελληνικά και μπορείτε να μεταφράσετε οποιοδήποτε ποστ σε οποιαδήποτε γλώσσα κάνοντας κλικ στη σχετική σημαία. Σημειωτέον ότι παρακάτω παρέχεται και ένα κινούμενο κείμενο με τα 30 πρόσφατα ποστς....This is a bilingual blog in English and / or Greek and you can translate any post to any language by pressing on the appropriate flag....Note that there is provided below a scrolling text with the 30 recent posts...Αυτό είναι ένα δίγλωσσο blog στα Αγγλικά η/και στα Ελληνικά και μπορείτε να μεταφράσετε οποιοδήποτε ποστ σε οποιαδήποτε γλώσσα κάνοντας κλικ στη σχετική σημαία. Σημειωτέον ότι παρακάτω παρέχεται και ένα κινούμενο κείμενο με τα 30 πρόσφατα ποστς.........

Saturday, April 10, 2010

Nord Stream gas project launched[ 879 ]

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Latest Update: Friday9/4/2010April, 2010, 11:32 PM Doha Time


Work on Nord Stream gas project launched
Reuters/Vyborg, Russia
Δημοσίευση ανάρτησης
Gazprom CEO Alexei Miller (front left), Nord Stream AG managing director Matthias Warnig (front second left), Russia’s President Dmitry Medvedev (front second right) and Gerhard Schroeder (front right), former German chancellor and chairman of the Nord Stream AG, attend a ceremony launching the Nord Stream pipeline construction in Portovaya Bay in Vyborg region, Russia, yesterday
Russian President Dmitry Medvedev yesterday launched the construction of a major gas pipeline aimed at winning market share in Europe while bypassing Ukraine, where strained relations have caused supply disruptions in the past.

Nord Stream, a project involving Gazprom, Germany’s BASF and E.ON as well as Dutch firm Gasunie, is expected to help Russia increase its share of EU gas markets from the current 25% to about a third.
“The demand for the ‘blue fuel’ — we are all sure of this - will continue to grow in Europe,” Medvdev said at the launch.
Germany’s Chancellor Angela Merkel joined by video link.
The pipeline — which will cost 8.8bn euros ($11.77bn) - plans to transport up to 55bn cubic metres of gas per year from 2012. Gazprom said that contracts have already been signed for most of the volumes.
One possible fly in the ointment is the increasing popularity of alternative fuels, such as shale or liquefied gas. But Nord Stream officials have said this should not undermine Russia’s leading role in the European market.
Nord Stream, Russia’s biggest post-Soviet gas pipeline, will ship gas under the Baltic Sea to Germany and onward to other European nations.
That will allow more Russian gas exports to bypass Ukraine, through which 80% are currently routed. Differences with Kiev also encouraged Moscow to speed up the project, as well as South Stream, running north and south of the EU bloc.
In January 2009, Russian gas supplies to Europe came to a halt for almost two weeks as Moscow and Kiev rowed over prices and transit terms.
Gazprom CEO Alexei Miller said Nord Stream will “ensure the highest reliability of supply”.
Gazprom saw a big slump in demand in Europe last year due to the economic crisis and as clients preferred to buy cheaper liquefied and spot pipeline gas.
It had to delay the start of its giant Arctic Shtokman gas field — one of the resource bases for Nord Stream — by three years to 2016 due to a slump in gas demand.
However, the company is upbeat about prospects this year. “The pace of the market recovery is very, very great,” Miller said, adding that “based on the results of the first quarter” Gazprom would likely produce 529bn cubic metres of gas, up from a previous plan of 521bcm.
Under the Nord Stream network, two parallel pipelines would together carry gas over 1,200km from Vyborg in Russia to Greifswald in Germany under the Baltic Sea.
The first leg will carry 27.5 bcm starting from 2011, the second link is expected to be completed in 2012. The link will cross the waters of Russia, Sweden, Denmark and Germany as well as Finland.

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