Reuters: Greece not playing a game of chicken on debt - Kotzias

Greek Foreign Minister Nikos Kotzias said a technical group will meet in May to discuss financing and logistics for a pipeline that passes through Turkey, Greece, the Former Yugoslav Republic of Macedonia, Serbia and then into Hungary and perhaps include Austria.

According to a Russian calculation, an investment in the Greek portion of the pipeline could be between $2 billion and $2.5 billion, Kotzias said.

He stressed western companies and banks rather than the Russian government would fund the pipeline building under EU rules.

As for money Greece might collect in advance on future profits from the pipeline's operations, Kotzias said the Russian's told Greece it was a figure close to what Bulgaria would have earned from South Stream.

"I'm not very sure exactly, but it is about $5 billion," Kotzias said.

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