Thursday October 23, 2014 Search
Weather | Athens
22o C
16o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Plans to tackle Russian crisis

 Gov’t 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 country’s 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 market’s 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)  
Solidarity tax to be extended for two years
Spanish unemployment lowest since 2011 as economy grows
EU requests clarification on Italy´s ´breach´ of budget goals
German survey props up European shares
Highway traffic to be disrupted on Corinth-Patra route
Traffic was expected to be disrupted on a section of the national highway between Corinth and Patra in the Peloponnese from Thursday evening to early Friday morning for roadworks, it was ann...
Samaras to represent Anastasiades at European Council meeting
Greek Prime Minister Antonis Samaras is to represent Cypriot President Nicos Anastasiades at the European Council and a European conservative leaders' meeting on Thursday after the latter wa...
Inside News
SOCCER
Roberto´s heroics make Kasami´s goal count
Pajtim Kasami’s goal and Roberto’s heroics in goal saw Olympiakos claim one of the biggest wins in its history on Wednesday downing Italian champion Juventus 1-0 to boost its chances of reac...
SOCCER
Third-division Iroditos punished heavily after fan death
Greek third division team Irodotos has been docked 15 points and ordered to play 10 matches behind closed doors following the death of an Ethnikos Piraeus supporter, the Hellenic Football Fe...
Inside Sports
COMMENTARY
Defusing a crisis
The crisis in Cyprus is escalating rapidly and defusing it is an extremely delicate and complicated procedure that will inevitably lead to losses for the weakest of the two sides. The course...
EDITORIAL
PM needs to step up
The public perception of the government is anything but good right now. The coalition is projecting an image of discord and constant disputes show that key ministers are unable to stay on th...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Highway traffic to be disrupted on Corinth-Patra route
2. Solidarity tax to be extended for two years
3. Spanish unemployment lowest since 2011 as economy grows
4. EU requests clarification on Italy´s ´breach´ of budget goals
5. German survey props up European shares
6. Nissan recalling 260,000 vehicles globally with Takata air bags
more news
Today
This Week
1. Strong winds hamper sea travel
2. TBEX brings together 800 travel bloggers in Athens
3. Cyprus president to sit out EU summit due to high blood pressure
4. Arrivals show increase in January-June 2014 period
5. Samaras to represent Anastasiades at European Council meeting
6. Nissan recalling 260,000 vehicles globally with Takata air bags
Today
This Week
1. Coalition shooting itself in the foot
2. Istanbul skyscraper casts shadow over Greece's banking ambitions
3. Greece’s closed society is central to its current malaise
4. The past, present and future of the Greek debt crisis
5. Greece must stick to reforms, says Schaeuble
6. At least 11 banks to fail European stress tests, three in Greece, report says
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.