The Hellenic Competition Commission fined the Motor Oil petroleum company 9.2 million euros and an associated individual €50,000 for obstruction of an on-site inspection.
ENERGY
Various charges and fees account for about 50% of what households pay for electricity.
The aim is for consumers to switch to cleaner forms of energy.
The natural gas InterConnector Greece-Bulgaria (ICGB) announced this week the signing of an interconnection agreement with Greece’s natural gas Transmission System Operator (DESFA) at the interconnection point (IP) located in Komotini in the north of the country.
The Ministry of Environment and Energy submitted an amendment to Parliament on Thursday which includes changes needed to facilitate the construction of the Cyprus-Crete electrical interconnection.
Egypt’s announcement that 12 plots will be available for hydrocarbon exploration is seen as a message of stability and the will for constructive relations with all players in the Eastern Mediterranean.
The wholesale electricity market is sending signals of stabilization or even a slight reduction for October’s floating rates.
The Public Power Corporation Group announced the conclusion of a Cooperation Framework Agreement with the Copelouzos and Samaras Groups.
The European Commission issued a decision approving the EU’s financial contribution to the implementation of the Alexandroupoli Independent Natural Gas System (INGS) project, in the context of the Operational Program EPANEK 2014-2020, Alternate Minister of National Economy and Finance Nikos Papathanasis announced on Monday.
An investment plan by Advent Technologies in Kozani, northern Greece, worth 64 million euros to develop innovative hydrogen fuel cell and electrolyte systems and create 650 job openings has been removed from the Plan for Just Development Transition because it was “problematic,” officials said on Monday.
A delegation from the United Arab Emirates’ state-owned TAQA, led by CEO Afif Saif Al Yafei, reaffirmed its interest in participating in GSI Cyprus-Greece.
The European Union and 12 partner countries have met in Brussels to discuss the effectiveness of Western sanctions on Russia and ways to strengthen the G7 price cap on Russian oil, the EU Commission said on Tuesday.
Macron inquired about the interests of Nexans and the 1.4-billion-euro contract for the installation of the underwater cable.
Energy officials from nine EU member states in the Mediterranean said on Monday they wanted to turn the region into a renewable energy hub and would pursue ways to facilitate cross-border projects.
UAE Ambassador to Greece Ali Obaid Al Dhaheri highlighted the strengthening of UAE-Greece relations in the fields of finance, tourism and culture during a press conference in Athens.
The power interconnection of Greece and Cyprus, with the prospect of an extension to Israel, is now back in track.
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