European Commission President Ursula von der Leyen on Thursday addressed high energy prices in the EU during a press conference in Brussels, responding to a letter by Greek PM Kyriakos Mitsotakis.
ENERGY
The Republic of Cyprus and Chevron have agreed to hold discussions over the next four months in order to seek an amicable solution that ensures the development of the Aphrodite gas field without further delays.
US interest in utilizing Alexandroupoli as a key liquefied natural gas (LNG) transportation hub in the Central and Southeast Europe region is highlighted by the agreement American company Venture Global announced to book 25% of the capacity to the new floating storage and regasification unit (FSRU).
Thursday morning’s summit meeting between Prime Minister Kyriakos Mitsotakis and Cypriot President Nikos Christodoulides will be taking place in a climate of dissatisfaction.
Athens is cautiously confident about reaching a final agreement on the Crete-Cyprus electricity interconnection following the Cypriot government’s commitment to invest €125 million over the next five years in the project.
Three workers suffered light injuries during a fire Tuesday at a major oil refinery west of Athens that prompted Greek authorities to issue an evacuation alert for the surrounding area.
Cyprus has given the green light for construction of a 1.9 billion euro ($2.1 billion) undersea electricity cable linking its grid with Greece’s, aiming to sharply reduce electricity bills and end its energy isolation, the country’s energy minister said Tuesday.
Three workers were injured in a fire that broke out inside Greece’s second-largest oil refinery on Tuesday, forcing the evacuation of personnel, according to an announcement by Motor Oil, which operates the refinery.
A fire broke out on Tuesday at the Motor Oil refineries in the Agioi Theodoroi area of Corinth, south of Athens.
Cyprus will support a multi-billion euro electric transmission cable linking the power grids of Europe to the Middle East, a source close to the matter said on Tuesday.
There has been progress in talks between Cyprus and Greece on the creation of a high-speed electric cable network linking Europe to the Middle East across the Mediterranean seabed, a Cypriot official said on Tuesday.
Electricity prices in Southern Europe are up to five times higher than those in Scandinavian countries and nearly double compared to Central and Western Europe, according to an analysis by Eurelectric, the European electricity industry association.
Electricity prices in Southern Europe are up to five times higher than those in Scandinavian countries and nearly double compared to Central and Western Europe, according to an analysis by Eurelectric.
Greece’s prime minister has asked the EU to urgently respond to soaring power prices in central and eastern Europe, which Athens said are being exacerbated by Russian attacks on Ukraine’s energy infrastructure.
Cyprus President Nikos Christodoulides announced that discussions on the Cyprus-Crete electricity interconnection are advancing positively.
Greek Prime Minister Kyriakos Mitsotakis has called for urgent EU-wide intervention to address surging electricity prices and growing distortions in the EU energy market, warning that price discrepancies between member states threaten regional competitiveness and public support for the EU Green Deal.
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