January 25, 2023
Economy, FEATURED
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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January 11, 2023
Economy, FEATURED
Natural gas consumption decreased in December in Greece, falling to 5.05 TWh, or the second lowest level for the corresponding month in the last six years, after December 2019. At the same time, consumption for the entire year reached 56.5 TWh, reduced by 19.2% compared to 2021. According to Green …
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December 19, 2022
Economy
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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November 25, 2022
Economy, FEATURED
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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November 11, 2022
Economy
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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November 10, 2022
Economy, FEATURED
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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November 7, 2022
Economy
In the next few days, seismic surveys for natural gas fields in Greece will begin by ExxonMobil, Prime Minister Kyriakos Mitsotakis revealed in an interview with ANT1 on Monday evening. The PM pointed out that “we are in a position to tell you that seismic surveys for the exploration of …
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November 6, 2022
Politics, World
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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October 27, 2022
Economy, FEATURED
Environment and Energy Minister Kostas Skrekas on Thursday morning announced the size of the state subsidies for electricity bills in November as well as a flat rate subsidy for natural gas users. At the same time the minister made a recommendation to citizens for energy/electricity saving of 5% [more details …
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October 11, 2022
FEATURED, Politics, Turkey-GR
Turkey threatened Greece that it would cut off the natural gas supply and warned that the country could turn into …Ukraine. This is the latest development and escalation of war-mongering and aggressive rhetoric by both the Turkish Foreign Minister and the nationalist government partner of Erdogan, the MHP. MHP leader …
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September 23, 2022
Economy
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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September 21, 2022
Economy, FEATURED
Environment and Energy Minister Kostas Skrekas announced the subsidies for electricity consumption for the month of October. The new support plan foresees a three-tier subsidy scheme depending on the kilowatt consumption by households. subsidies for natural gas have been also announced. Starting prices for electricity in October have fallen to …
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August 28, 2022
Economy
“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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August 22, 2022
Economy, FEATURED
2.5 trillion cubic feet of natural gas has been discovered in Block 6, off Cyprus’ south coast, Eni and Total announced on Monday.. According to an official announcement by Italian ENI, the natural gas was detected in the Cronos-1 field of block 6, the amount of which according to preliminary …
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August 8, 2022
Economy, FEATURED
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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August 1, 2022
Economy, FEATURED
Greece’s government is getting ready for the worst energy scenario and plans to cut on natural gas consumption with darker streets and historical monuments as well as with rolling power outages for the households. This was announced by both the Energy minister Kostas Skrekas and deputy Finance minister Thodoros Skylakakis …
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July 5, 2022
Economy
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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May 3, 2022
Economy
Prime Minister Kyriakos Mitsotakis, his counterparts from Bulgaria, Kiril Petkov, and North Macedonia, Dimitar Kovacevski, as well as the President of the European Council, Charles Michel, and President of Serbia, Aleksandar Vucic, inaugurated on Tuesday the new Floating liquefied natural gas (LNG/ FSRU) terminal in Alexandroupolis, northern Greece. The LNG …
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April 27, 2022
Economy
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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March 31, 2022
Economy
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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