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Tag Archives: energy

Poll: Price hikes cause of concern, ND-SYRIZA difference drops to 10.5%, no technocrats gov’t

Difference between ruling conservative New Democracy and main opposition party left-wing SYRIZA has decreased to 10.5% in the preference of potential voters as the high energy cost and the price hikes are a reason of concern for 47% of the Greeks. At the same time, Greeks seem to turn down …

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New energy subsidies for February: “Peanuts” for households and businesses

Greece’s Environment and Energy Minister Kostas Skrekas announced on Wednesday the subsidies for electricity and natural gas that will apply in February for households and enterprises. The subsidy for electricity will be 39 euros per MWh for households, that is 3 euros less than in January. The subsidy for enterprises …

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Greece extends energy financial relief into January with €400 million

Greece will extend financial relief to help households and businesses deal with surging energy prices into January at a cost of about 400 million euros, Prime Minister Kyriakos Mitsotakis said on Friday. “For another month the government will support households, farmers and businesses in the face of the global energy …

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EU countries split over joint response to energy price spike

European Union countries failed to agree on a bloc-wide response to surging energy prices in an emergency meeting of government ministers on Tuesday, with some countries seeking a regulatory overhaul and others firmly opposed. European gas prices have hit record highs this autumn and remain at lofty levels, prompting most …

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Trilateral Summit: Greece vows to link Egypt’s energy grid to EU

Prime Minister Kyriakos Mitsotakis on Tuesday called the trilateral cooperation scheme established by Greece, Cyprus and Egypt “a beacon of stability in the Eastern Mediterranean,” in joint statements with Cyprus President Nicos Anastasiades and Egypt’s President Abdel Fattah Al Sisi after the 9th Trilateral Summit held in Athens. He said …

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Greek gov’t increases subsidy for households burdened by energy hikes

The Greek government announced on Friday a package of additional funds to ease the financial burden on households and protect them from further increases in electricity and natural gas prices. The package includes measures such as doubling the amount of subsidy for electric power, additional reductions for households also in …

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2.7 million European Union workers can’t afford heat, study finds

Almost 3 million European Union workers can’t afford to heat their homes amid a rise in energy prices, according to a labor organization’s study released Wednesday. The European Trade Union Confederation, which represents 45 million members, said that 15% of the EU’s working poor – the equivalent of 2,713,578 people …

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Greece, Bulgaria sign cooperation in gas terminal project in Alexandroupolis

Prime Minister Kyriakos Mitsotakis and his Bulgarian counterpart Boyko Borissov attended on Monday the signing ceremony for the participation of Bulgartransgaz to the liquefied gas terminal project in Alexandroupolis, northern Greece. The cooperation contract was signed by Bulgartransgaz EAD CEO Vladimir Malinov and Asimina-Eleni Kopeluzu, who is a major shareholder …

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Erdogan says Turkey has resumed drilling activity in East Mediterranean

President Recep Tayyip Erdogan announced on Friday that announced that Turkey has restarted a search for energy in the eastern Mediterranean, accusing neighboring Greece of failing to keep its promises. “We have resumed the drilling activity. We have sent (vessel) Barbaros Hayrettin to the area,” Erdogan told reporters after Friday …

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Energy consumption in Greece seen down by 11% due to coronavirus crisis

Energy consumption in Greece is expected to fall by 11% as a result of the coronavirus crisis’ impact on the economy and return to pre-crisis levels after two years, Public Gas Corporation (DEPA) vice-chairman Professor Costas Andriosopoulos said on Friday.  Speaking at an online discussion on the effects of the …

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Turkey’s energy agenda puts the entire region at risk

The East Mediterranean has become a highly contested region due to the discovery of major hydrocarbon reserves which has triggered a scramble for energy wealth. According to the United States Geological Survey, the Levant basin contains 3.6 trillion cubic meters and the Nile delta basin 6.3 trillion cubic meters of …

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ExxonMobil-Total-ELPE sign agreement for energy exploitation off Crete

A joint venture of Exxon Mobil, Total and the Hellenic Petroleum signed an agreement with Greece to proceed with energy exploratory drilling and hydrocarbon exploitation in the sea area West and South-West of the island of Crete in the south Aegean Sea. The contracts grant the joint venture the right …

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