Greek Prime Minister Kyriakos Mitsotakis and Cypriot President Nikos Christodoulides will meet in Athens on Thursday 19 September to discuss the Crete-Cyprus electricity interconnection project.
ENERGY
Discussions among the parties involved in the Crete-Cyprus electricity interconnection project appear to be advancing.
Gas producer Energean reported higher first-half profit on Wednesday, helped by a rise in production due to strong summer demand in Israel, which accounts for more than 70% of total output.
Israel’s Energy Minister Eli Cohen held a phone call on Thursday with the Cypriot Minister of Energy, Commerce and Industry George Papanastasiou, regarding the Great Sea Interconnector, calling the project a “top priority.”
The promotion of cooperation in the fields of energy and infrastructure and regional developments were among the issues that were discussed during the meeting held on Wednesday afternoon between President of the Republic of Cyprus Nikos Christodoulides and President of the United Arab Emirates Sheikh Mohammed bin Zayed al Nahyan.
The crucial meeting on the progress of the electricity interconnection between Crete and Cyprus was concluded without any white smoke
The EU is exaggerating spending on climate-friendly projects, potentially by billions of euros, the bloc’s auditors said on Wednesday, citing examples of countries claiming spending on IT systems and salaries as green.
Construction of Turkey’s first nuclear power plant is being delayed by Germany’s Siemens Energy withholding key parts required for it to be built by Russia’s Rosatom, which is seeking alternatives in China, Turkey’s energy minister said on Wednesday.
Turkey is interested in an offer from Tripoli to carry out energy exploration offshore Libya, Turkish Energy Minister Alparslan Bayraktar said on Wednesday.
Minister of Environment and Energy Thodoros Skylakakis emphasized during his speech at the MEFED 2024 Conference in Thessaloniki on Monday that as the impacts of the climate crisis become more aggressive, there will be greater convergence between energy and environmental policies.
Greece’s energy minister said on Monday the unified European Union electricity market was not working for Southeastern Europe, and that it would work with Romania and Bulgaria toward a permanent solution to soaring power prices in the region.
Cyprus’ political leadership is poised to make pivotal energy decisions in a meeting at the Presidential Palace on Tuesday.
The unified EU electricity market was not working for southeastern Europe and the government will work with Romania and Bulgaria towards a permanent solution to soaring power prices in the region, Energy Minister Theodoros Skylakakis has said.
There are ominous signs about megawatt-hour rate hikes for electricity in the evenings.
Greece’s islands that are not connected to the national grid will require additional production capacity in the period 2024-2030.
In a joint statement released on Thursday, 12 industrial associations of the country emphasized that the high cost of electricity threatens the survival of industries in Greece.
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