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Tag Archives: Natural gas

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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Greece to survey off Crete, Ionian Sea for possible natural gas reserves, says PM

Prime Minister Kyriakos Mitsotakis said on Wednesday that Greece will restart its surveying program for the regions to the west and the southwest of Crete and the Ionian Sea in western regions, as it seeks to disengage from Russian natural gas. “Our attention will return to the potential domestic gas …

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Inflation in Greece hits record 7.2% in February; Gas up 78.5%, electricity 71.4%

Greece’s Consumer Price Index (CPI) rose further to 7.2% in February 2022, the Greek Statistics Authority said on Thursday. Media speak of the highest inflation rate in the last 16 years. Data showed the surge resulted from a 78.5% rise in natural gas, 71.4% in electricity, 41.5% in heating oil, …

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Supply of natural gas without any disruption, says Greece’s Energy Minister

The supply of natural gas to Greece continues without any disruption, Environment and Energy Minister Kostas Skrekas said on Friday. He reassured that domestic reserves – lignite coal, hydroelectric, diesel power generation, liquefied natural gas reserves in Revythousa – can meet the demand in the case of supply crisis. Chairing …

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“No concern about the adequacy of natural gas in Greece,” says Development Minister

Greece’s Development Minister Adonis Georgiadis appeared reassuring about the natural gas supply and the consequences that the developments in Ukraine will have for the country. Speaking to Skai Tv on Tuesday morning, the minister said that “there is absolutely no concern about the adequacy of natural gas in Greece from …

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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’s Public DEPA and Gazprom strike a price deal for natural gas supply

Public Gas Corporation of Greece DEPA Commercial and Gazprom struck a deal on Monday after months of negotiations on the price for the supply of natural gas, on terms that were favorable for the Greek market, an announcement said. The new deal, which is included within the framework of the …

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