Recent developments in the Middle East have led to a renewed phase of uncertainty and have pushed liquefied natural gas (LNG) prices up.
ENERGY
The 40 hours between early July 22 and late on July 23, when Greek and Turkish naval forces faced off over an Italian research ship’s operations south of Kasos in the southeastern Aegean, served as a stark reminder of the ever-present danger of a conflagration in the Eastern Mediterranean.
Greece’s power grid is getting greener fast, but, at the same time, is still clinging to the old fossil fuels, data show.
The Hellenic Electricity Distribution Network Operator (DEDDIE) is speeding up the program to place power cables underground, while another agency, the Independent Power Transmission Operator (ADMIE), is implementing a program to connect islands to the national grid.
More than 80% of households will pay around €0.15 per kilowatt-hour in their electricity bills, after the subsidies announced Thursday by the minister of environment and energy.
One binding offer was submitted for the acquisition of 20% of the Independent Power Transmission Operator’s (ADMIE) subsidiary company Ariadne Interconnection, operator of the Attica-Crete electrical interconnection.
The amendment imposing a special levy on natural gas power plants, which is set at 10 euros per megawatt-hour, has been submitted to Parliament.
The subsidy provided to household electricity bills is expected to range between €10-15 per megawatt-hour in August, the Ministry of Environment and Energy estimates.
PPC Group has announced the construction of a new 140-megawatt wind farm in the area of Deleni in Vaslui province, eastern Romania.
Cyprus will soon launch tenders for the completion of the liquefied natural gas terminal for electricity generation.
Energy-intensive industrial enterprises are now considering the threat of the suspension of ETMEAR payments.
Electricity consumers should expect a tough fall in terms of prices, after some relief provided thanks to state subsidies in August rates.
Metlen Energy & Metals announced the conclusion of the agreement to acquire all the shares of electricity producer, trader and supplier Volterra on July 25.
Water stocks in the reservoirs of Public Power Corporation’s hydroelectric units are at their lowest levels since 2017 due to minimal snowfall last winter.
The European Public Prosecutor’s Office (EPPO) has launched an investigation into the Vasilikos liquefied natural gas import terminal project.
The start of the construction in Greece of one of Europe’s largest photovoltaic parks was announced by Lightsource BP, the company expected to go under the full control of oil multinational BP after the latter agreed last November to acquire a 50.03% stake in the former.
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