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Tag Archives: Natural gas

High expectations natural gas off Crete could cover EU needs

Positive messages from ExxonMobil for an important natural gas field in Crete. Energy Minister says “there are expectations that it will cover the gap of Russian gas for 10 years in the European Union.” Environment and Energy Minister Kostas Skrekas spoke of “high expectations” from hydrocarbon exploration in the maritime …

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EU countries finally agree gas price cap after weeks of talks

European Union nations’ energy ministers have agreed a gas price cap, a spokesperson for the Czech Republic said on Twitter on Monday. First reaction from Russia: “Unacceptable!” The deal follows weeks of talks on the emergency measure that has split opinion across the bloc as it seeks to tame the …

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Gov’t announces subsidies for electricity, natural gas for December

Greece’s Ministry of Environment and Energy announced on Friday the subsidies for electricity and natural gas for the month of December. Electricity subsidies for households and businesses depend on the monthly consumption, while the natural gas aid is only for households and is horizontal, that is independent of residence size …

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Ioannina gas deposit could cover Greece’s consumption for 10 years, says minister

The natural gas deposit in Ioannina, western Greece, could potentially cover the consumption of Greece for 10 years, Environment and Energy Minister Kostas Skrekas said on Friday. Test drilling onshore will be in 2023, he added. Speaking to SKAI TV, Skrekas said “when we talk about a possible deposit of …

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Seismic surveys have begun West and South-West off Crete

Seismic surveys to search for natural gas began on Thursday in offshore areas west and southwest of Crete, Environment and Energy Minister Kostas Skrekas said in an interview with state broadcaster ERT. “The ship has begun its work. It is letting out the cables with the headphones that it drags …

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State Department is open to Greece-Libya energy interconnection

The US State Department is open to the possibility of an energy interconnection between Greece and Libya. The US State Department spokesperson said that the US continues to support projects that promote the energy interconnection of the Eastern Mediterranean and North Africa with Europe. The US ministry clarified that it …

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Greece reduced natural gas consumption by 40% in Sept 2022, compared to Sept 2021

Domestic consumption of natural gas in September shows a 40 percent decrease compared to last year, while there has also been an increase of Greek energy exports to Italy and the Balkans in that time, Environment and Energy Minister Kostas Skrekas said on Thursday. in Bucharest, at the Ministerial Council …

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Greece promises support for households using natural gas

“We will support natural gas consumers this winter against the explosive increase in prices,” Environment and Energy Minister Kostas Skrekas said on SKAI television on Sunday morning, in response to questions about the 700,000 households using natural gas in Greece. “The prime minister’s orders are to examine scenarios for supporting …

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Inflation in Greece at 11.6% in July, with natural gas to strike +178.9%

Inflation in Greece slowed to 11.6% in July compared to 12.1% in June 2022. However, housing and transport costs rose sharply, while the natural gas hit an increase of 178.9% Greece’s Consumer Price Index (CPI) remained at record high levels in July, rising by 11.6% year-on-year, though it did slow …

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Greece can handle potential natural gas supply cut-off from Russia, says Energy Minister

Environment and Energy Minister Kostas Skrekas said on Monday that Greece can handle potential natural gas supply cut-off from Russia. The minister stressed that Greece “faces one of the lowest risks in Europe in terms of supply sufficiency, provided that liquefied natural gas (LNG) is available.” However, “we are systematically …

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Greece has enough energy supplies, payment to Gasprom end of May

Greece has sufficient energy and no interruption in the country’s supplies is expected, according to an emergency meeting chaired by Prime Minister Kyriakos Mitsotakis on Wednesday. Greece’s energy supplies are secured and the country will make the next payment to Russian gas producer Gazprom at the end of May, the …

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Turkey says gas pipeline with Israel not possible in short term

A potential gas pipeline project between Turkey and Israel is not possible in the short-term and building an alternative system to cut dependence on Russia will not happen quickly, Turkish Foreign Minister Mevlut Cavusoglu said on Thursday. Turkey and Israel have in recent weeks been working to mend their long-strained …

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