Tuesday September 30, 2014 Search
Weather | Athens
26o C
17o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Plans to tackle Russian crisis

 Govít examines contingency strategies if natural gas supply is disrupted or farming exports are affected

By Chryssa Liaggou and Dimitra Manifava

The government is keeping a close eye on developments in the Russia-Ukraine crisis in a bid to respond to any adverse effects it may have both on natural gas and oil imports, as well as on exports of agricultural products to Russia.

The first crisis meeting took place on Thursday under Energy Minister Yiannis Maniatis and included the managers of all state energy companies. The purpose of the meeting was to assess the countryís readiness to ensure supply.

Another meeting is set for Tuesday under Deputy Development Minister Notis Mitarakis, where the topic will be the future of trade relations with Russia. Topping the agenda will be an action plan to handle not only a possible problem to exports but also the risk to Russian imports.

The Development Ministry has asked all parties concerned, from industrialists to chambers and exporting associations, to present their proposals ahead of the meeting. Among the proposals, according to sources, is a request to the European Commission for support to sectors that could be harmed by a rift in trade relations with Russia. Russian authorities have not ruled out imposing restrictions on Greek fruit imports as of next week, citing hygiene concerns.

Greece is among the European Union member states with the highest dependence on Russian gas, which covers about 65 percent of domestic demand. In the case that flow is disrupted, problems to the Greek marketís supply are inevitable and will also affect electricity production, which relies on natural gas by 25 percent.

Public Gas Corporation (DEPA) reportedly told Maniatis that it has already taken precautionary measures, but that these would only suffice for one month. If the supply crisis were to last longer, Athens will put in force the emergency plan used in 2009, which provides for a drastic cut to consumption by natural gas-powered electricity producers and major energy-intensive industries.

Sources say DEPA has filled the tanks at Revythousa with 130,000 cubic meters of liquefied gas, which is enough to fully cover 10 days of demand.

ekathimerini.com , Friday August 1, 2014 (22:23)  
Eurozone inflation numbers pile more pressure on ECB
Greek unemployment dips to 27 pct in June, but still highest in EU
EU gives more aid to farmers hurt by Russia sanctions
Greeks ruled ship market in August
Degas painting valued at 6 million euros stolen from Cypriot pensioner
Thieves have stolen a painting by French master Edgar Degas valued at 6 million euros ($7.6 million) from the home of a 70-year-old Greek Cypriot, Cyprus police said on Tuesday. The painting...
Elderly man dies while waiting to pay property tax
An elderly man died in Thessaloniki on Tuesday after collapsing at a bank while waiting in line to pay the ENFIA property tax, the Athens-Macedonia News Agency reported. The unnamed man, bel...
Inside News
SOCCER
All team sports suspended next weekend in memory of dead fan
The government announced on Monday the suspension of all team sports events in Greece scheduled for next weekend, October 4 and 5, in the memory of the Ethnikos Piraeus fan who died a few ho...
SOCCER
Karamanos punishes Michel for deeming him surplus
Atromitos forced Olympiakosís first loss this season in all competitions on Saturday to allow PAOK to go alone on top of the Super League table on Sunday. Odds-on title favorite Olympiakos l...
Inside Sports
COMMENTARY
Next-day jitters
It is usual for Greek governments, whether one-party or coalitions (which are normally loath to actually work together), to claim that their only real challenge is dealing with the countryís...
EDITORIAL
No sweet debt deals
The lionís share of Greeceís debt is held by European Union member states and the International Monetary Fund. A writedown of the European part of the debt would require the approval of the ...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
†RECENT NEWS
1. Degas painting valued at 6 million euros stolen from Cypriot pensioner
2. Eurozone inflation numbers pile more pressure on ECB
3. Elderly man dies while waiting to pay property tax
4. Three teens questioned over video showing torture of dog
5. Greek unemployment dips to 27 pct in June, but still highest in EU
6. Roma camp evacuation postponed; flow resumes on Mesogeion Avenue
more news
Today
This Week
1. Next-day jitters
2. Roma camp off Mesogeion Avenue set for demolition amid reactions
3. No sweet debt deals
4. Commissioner-designate Avramopoulos to face three-hour interview on EU's migration portfolio
5. EU gives more aid to farmers hurt by Russia sanctions
6. Roma camp evacuation postponed; flow resumes on Mesogeion Avenue
Today
This Week
1. Alexander the Great's tomb not at Amphipolis, says Culture Minister
2. Greece may opt for unusual president to avoid snap polls, Venizelos says
3. Woman allegedly buried alive by accident in northern Greece
4. Salaries in Greece continue to slide, dipping 1.4 pct in Q2
5. Venizelos denies jihadis are being trained in Greece
6. Should you bet with Kissinger on where the world is heading?
†††Find us ...
††... on
Twitter
†† ††... on Facebook ††
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.