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Tag Archives: gas

Greece wants a 150-200 euros cap on natural gas

“A cap at 275 euros is not in essence a cap,” Greece’s Environment and Energy Minister Kostas Skrekas said on Thursday. Arriving at the Council of Ministers meeting in Brussels, he pointed out that a gas price ceiling between “150 euros and 200 euros is a realistic ceiling.” Stressing that …

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Natural gas price for domestic consumption at 11 cents per kWh in October

The price of natural gas for domestic consumption in October is set at 11 cents per kilowatt-hour, according to sources of “Natural Gas Hellenic Energy Company”, which is the largest supplier in the sector. This price includes taxes as well as the subsidy announced by DEPA, which amounts to 9 …

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Greece proposes 80-billion-euro energy fund to European Commission

Τhe European Commission should set up an 80-billion-euro fund to deal with the fallout from high natural gas prices, proposed Environment and Energy Minister Kostas Skrekas to EU officials on Tuesday. Skrekas made the proposal ahead of the Ministers of Energy Emergency Council on Friday, in a letter to Executive …

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Greece rejects EU Commission proposal for 15% cuts in gas consumption

After Spain, also Greece and Portugal rejected the proposal of European Commission that called for 15% cuts in  natural gas consumption mainly to help Germany. Government spokesman Giannis Oikonomou told reporters at Thursday noon: “the Greek government does not agree on principle with the Commission’s proposal for a 15% reduction …

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Greece-Bulgaria natural gas IGB pipeline in operation by end of July

The Greece-Bulgaria (IGB) natural gas pipeline will start its operation by the end of July, Environment and Energy Minister Kostas Skrekas. The IGB pipeline will have the capacity to transport 3 billion cubic meters of natural gas, with option to upgrade to 5 billion cubic meters, the minister said. He …

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Greece’s Public Power Company prepared in case Russian gas flow stops

Public Power Corporation has worked out a plan to secure power supplies under an “extreme” scenario of Russia halting gas flows to Europe, its top manager said on Wednesday. PPC, which is 34% owned by the state, generates 50% of electricity in Greece and gas accounted for about 40% of …

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Gazprom to temporary halt natural gas supplies to Greece

Gazprom’s natural gas flows to Greece will be interrupted from June 21 to June 27, according to information published by from state-run Public Gas Corporation of Greece DEPA. The interruption is due to the annual scheduled maintenance of the TurkStream pipeline, through which Greece is supplied. Gazprom announced on Saturday …

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New gas pipeline boosts Europe’s bid to ease Russian supply

Mountainous and remote, the Greek-Bulgaria border once formed the southern corner of the Iron Curtain. Today, it’s where the European Union is redrawing the region’s energy map to ease its heavy reliance on Russian natural gas. A new pipeline – built during the Covid-19 pandemic, tested and due to start …

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Powerful explosion in central Athens; 3 people injured (videos)

One person was injured and taken to hospital, two people were slightly injured and several buildings were extensively damaged by a powerful explosion in central Athens that led to a fire early on Wednesday. Police closed the traffic on one of the main avenues in central Athens as debris have …

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