The energy crisis may be a thing of the past, but the Greek wholesale electricity market remains one of the most expensive in Europe, with the average price being the fourth highest in the European Union in both 2023 and the first quarter of 2024.
Turkey hopes to conduct a deep-sea oil drilling operation off the Somali coast in 2025, Energy Minister Alparslan Bayraktar said on Friday in an interview on broadcaster NTV.
Alternate Minister of National Economy and Finance Nikos Papathanasis submitted the fourth payment request, amounting to 2.3 billion euros, for the loan part of the Recovery and Resilience Facility (RRF) to the European Commission on Wednesday.
The divorce of Helleniq Energy and Edison after 15 years of their joint venture in the field of the electricity market is now taken for granted.
Prime Minister Kyriakos Mitstotakis insisted on Thursday that Greece can serve as a natural entry point for energy from the south to the north.
Helleniq Energy is 12 to 18 months away from deciding whether to go ahead with drilling in the Ionian Sea and off the coast of the western Peloponnese, the CEO of the Greek petroleum firm told the Delphi Economic Forum.
It never occurred to Baki Bajraktari that the presence of hydrogen in the Bulqize chrome mine where he works in northeastern Albania could be considered good news: a colleague died in an explosion in 2011 when a team hit a gas pocket.
The Energy Ministry may have announced heavy penalties for electricity theft, but in the draft law it seems they were forgotten.
The Environment and Energy Ministry has approved the environmental impact study for a new entertainment and hospitality hub in Maroussi, northern Athens, according to a decision published on Monday.
The management of the Greek Independent Power Transmission Operator (ADMIE) will visit Cyprus on Tuesday for contacts with Cypriot and Israeli authorities over the electricity interconnection between Cyprus, Greece and Israel, called the “Great Sea Interconnector.”
Athens-listed Mytilineos announced on Thursday that, in a joint venture with Siemens Energy Global and Siemens Energy Sp. z o.o., it has undertaken the construction of a 560 MW combined-cycle gas turbine (CCGT) unit with associated infrastructure at the Adamow Power Plant in the Turek region of Poland.
The government is distancing itself from the overambitious goals set by the European Union for the green transition.
Cypriot Energy Minister George Papanastasiou announced on Wednesday that the obstacles in the development plan for the Aphrodite gas field have been overcome.
Grid losses and power thefts in 2021 and 2022 have been ascertained by Greek power grid operator DEDDIE to amount to 500 million euros. The bill was sent to providers, which in turn are passing it on to consumers.
Mytilineos Energy & Metals said on Tuesday that it has signed a 210-megawatt long-term power purchase agreement (PPA) with Karatzis SA for the green energy produced by a 262 MW solar portfolio.
Τhe Cypriot government will request that Greece’s Independent Power Transmission Operator (ADMIE) carry out a cost-benefit study as regards the Cyprus-Greece electricity interconnection (Great Sea Interconnector).
The tax administration has issued instructions to the customs control mechanism on the measures and fines in cases of fuel smuggling.
The expectations of RES producers for possible compensation against the energy cuts were brought back down to earth.
Natural gas prices are gradually returning to their historical norms, reflecting the basics of supply and demand, Public Gas Corporation (DEPA Commerce) CEO Konstantinos Xifaras told the 5th Power & Gas Forum on Thursday.
Greek gas supplier DEPA Commercial has filed for arbitration to seek a price revision on its gas supply contract with Gazprom, DEPA CEO Constantinos Xifaras has said.
Mytilineos group continues to strengthen its presence in the construction industry.
Greece’s power utility PPC plans to invest 9 billion euros in the 2024-2026 period with the aim to turn the company into a leader in clean energy, infrastructure and services in Southeastern Europe, under the new strategic plan presented by the company’s chairman and CEO George Stassis in London on Tuesday.
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