Tag Archives: energy

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 …

Read More »

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, …

Read More »

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. …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

Developments in the eastern Mediterranean Sea warn of rising tension between Turkey and Cyprus over the newly discovered hydrocarbon reserves in the area. Some Turkish columnist see the first conflict of 2018 to unfold exactly in this area and for these reasons. Below a summary of the column posted in …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

The Obama administration played an important role to make sure Greece remains in the eurozone, former Vice President Joe Biden said. In an interview to newspaper Kathimerini, Biden said that he was personally involved in the issue and described the efforts and difficulties he faced to avoid the financial collapse …

Read More »

U.S. ExxonMobil, France’s Total and Hellenic Petroleum will sign contracts for the exploitation of hydrocarbon on two land and one marine plot on Thursday. Announcing the upcoming signature during a press conference at the Ministry of Energy and Environment, Prime Minister Alexis Tsipras said that this is “a significant development” …

Read More »

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 …

Read More »

As if we did not have enough financial burdens, Greek Public Power Company increases charges on electricity bills and demands the payment of additional 735 million euros by millions of electricity consumers. “It is a small, temporary contribution,” Greek PPC said in a statement responding to the outcry. Greeks know …

Read More »

The trip to Washington was short and effective. Greek Defense Minister Panos Kammenos cannot hide his enthusiasm about the Trump administration. He was in the White House and heard President Donald Trump saying “I love Greeks! Oh, I love the Greeks!” He had thorough talks with his counterpart Defense Secretary …

Read More »

Greek Interior Minister – an Energy minister in first SYRIZA government – Panos Skourletis accused on Monday international lenders of reneging on a 2015 bailout deal by trying to force a fire-sale of its main electricity utility Public Power Corporation (PPC/DEH) to serve “domestic and foreign business interests.” Later, a …

Read More »

One more Eurogroup for Greece as eurozone finance ministers meet in Brussels  later on Monday.  One more Eurogroup without great expectations like concluding the second review. The Greek government anticipates a sign of progress and looks towards the next Eurogroup meeting in April. Aim of both sides is to bridge …

Read More »

The cost for energy has not increased during the last year. Greek Public Power Company (PPC/DEH) did not dare to increase the price for electricity consumption amid the deep economic crisis in the country. However, electricity bills have turned unpayable for thousands of households due to the additional fees and …

Read More »