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Tag Archives: energy

EU approves Greece and Bulgaria natural gas interconnector

The EU competition regulators have approved a plan by Greece and Bulgaria to build and operate a natural gas interconnector with public funds. The European Commission said on November 8 that Bulgarian and Greek plans to support the construction and operation of a 182km cross-border gas interconnector (“IGB”) between Komotinin …

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“Greece, Cyprus and Israel play dirty game against Turkey,” says Erdogan’s

Turkey is furious at the energy cooperation between Greece, Cyprus and Israel. They “play a dirty game against Turkey,” Yigit Bulut, the economic advisor of President Recep Tayyip Erdogan said and warned that  “Greece will be destroyed if  there would be a naval combat”  between the two countries.” “Greece is …

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“Greece, Cyprus and Israel play dirty game against Turkey,” says Erdogan’s

Turkey is furious at the energy cooperation between Greece, Cyprus and Israel. They “play a dirty game against Turkey,” Yigit Bulut, the economic advisor of President Recep Tayyip Erdogan said and warned that  “Greece will be destroyed if  there would be a naval combat”  between the two countries.” “Greece is …

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Erdogan threatens “no steps in Cyprus and Aegean without Turkey’s permission”

Turkish President Recep Tayyip Erdogan fired new salvos and threatened Greece and Cyprus to no proceed with energy drilling in the Aegean and the Mediterranean Sea. “Those who try to ignore us in Cyprus and the Aegean Sea are endangering their own presence,” he said during a speech at the …

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Greece’s Natural Gas Network to expand to 18 municipalities

Greece plans to expand the natural gas network to eighteen municipalities in the next years. Gas distributor DEDA, a wholly-owned subsidiary of DEPA, the public gas corporation, plans to proceed with tenders for the development of natural gas networks in 18 municipalities covering northern and central Greece by October 10, …

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Greece kicks off a $3.6bn program for renewable energy

Greece has come leaps and bounds from the economic crises that blighted it earlier this century. But as the country emerges from a previously austere bail-out economy, it seeks to re-position itself. In particular, funding is being allocated to renewable energy to draw in new investment from intrigued international investors. …

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Energy businessman, ex PPC chief face charges for kickbacks

Greek prosecuting authorities pressed criminal charges of bribery and money-laundering against a former CEO of the Public Power Corporation, Stergios Nezis, and businessman Evangelos Mytilineos on Wendesday. The charges concern a bribe of 250,000 euros allegedly accepted by Nezis in order to award METKA, a Mytilineos Group company, a contract …

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Turkey threatens Greece in the Aegean, harasses ENI drillship off Cyprus

Turkey’s top general, Chief of General Staff, Hulusi Akar,  has claimed that Turkey has the capacity to keep the Aegean Sea “under control” while simultaneously conducting its ongoing military incursion, “Operation Olive Branch”, in northwest Syria. “We have the strength to conduct an operation in Afrin and keep the Aegean under …

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Katakolo oil Reserves four times larger than expected, says Energean Oil&Gas

The quantities of oil at Katakolo are four times larger than initially estimated, with proven reserves amounting to 10.7 million barrels instead of the estimated three million barrels expected during the period of the tender, sources from Greek energy explorer Energean Oil & Gas revealed on Thursday. West Katakolon oil …

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Italy to join trilateral Cyprus-Greece-Egypt energy cooperation

The trilateral cooperation between Cyprus, Greece and Egypt will expand with the participation of Italy, following an initiative of President of Cyprus Nicos Anastasiades, Government Spokesman Nikos Christodoulides has said. In statements on Wednesday at the Presidential Palace, the Spokesman, said that two months ago, the Cypriot President proposed the …

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Third review: Greece’s creditors in Athens to discuss fiscal targets, privatizations, energy

Greece’s top creditors returned to Athens on Monday for meetings and talks with the Greek government. Aim is to proceed with the third review of the Greek program and conclude the procedures by the end of the year. The first meeting on fiscal matter took place with Alternate Finance Minister …

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Increased Israeli interest to invest in Greece’s privatization program, energy, tourism

The environment, energy, tourism and real estate sectors reportedly dominate interest by Israel-based investors eyeing business prospects in Greece, according to reports. Greece’s embassy in Israel has mostly fielded requests by local companies interested in an ongoing privatization program in the still bailout-dependent country. Solid and liquid waste management, a …

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Arab countries cut ties to Qatar for ‘supporting terrorism’, send oil prices higher

Saudi Arabia, Egypt, Bahrain, the United Arab Emirates and Yemen have cut diplomatic ties with Qatar, accusing it of destabilising the region. They say Qatar backs militant groups including so-called Islamic State (IS) and al-Qaeda, which Qatar has denied. The dispute with Qatar, the world’s top seller of liquefied natural …

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Public Power Company PPC hires an Artistic Director for its choir… #NoWords

Greece’s Public Power Company hired an artistic director for its choir. It sounds like a bad musical the moment the PPC announced to retrieve retrospectively €735 million euros from electricity consumers as  outstanding debt have reached 2.2 billion euros. In a job opening that run from March 24 to April …

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