This week will be crucial to whether the power grid link between Greece and Cyprus via Crete will be implemented.
ENERGY
It is highly likely that the government will need to continue subsidizing electricity bills in September as natural gas prices rose toward the end of August, Environment and Energy Minister Theodoros Skylakakis said in a radio interview.
The government may continue to pay subsidies on electricity bills in September, Environment and Energy Minister Theodoros Skylakakis has announced.
The Hellenic American Leadership Council (HALC) called on Thursday for the expedited completion of the planned Cyprus-Greece (Crete) electricity interconnection, the Great Sea Interconnector (GSI), saying it represents “the great potential of the Eastern Mediterranean as a political, economic and energy region.”
In a letter to Greece’s Independent Power Transmission Operator, French cable company Nexans has threatened to stop laying the cable that will link Greece’s and Cyprus’ power grids on Monday, September 2, if some regulatory issues are not resolved by Friday.
Oil refining and trading company Motor Oil posted double-digit profit gains in the first half of 2024, it announced Wednesday. Consolidated group earnings before interest, taxes, depreciation and amortization (EBITDA) were up 19.35%, reaching €638.7 million. Net profit rose 31.4% to €361.999 million. Group turnover rose 5.23% to €6.2 billion. The main factors were a […]
The Greek-flagged crude oil tanker Sounion that was recently attacked by Yemen’s Houthis is still on fire in the Red Sea and now appears to be leaking oil, a Pentagon spokesman said on Tuesday.
A Chevron-led consortium that holds licensing rights over a gas field off Cyprus will present an updated development plan within days, one of the partners said on Monday, after Cyprus gave them a three-month deadline to comply.
A Chevron-led consortium that holds licensing rights over a gas field off Cyprus will present an updated development plan within days, one of the partners has said, after Cyprus gave them a three-month deadline to comply.
Europe’s natural gas reserves are more than sufficient, so prices have dropped.
Metlen Energy & Metals, formerly Mytilineos, has inaugurated its second solar park in Chile.
During last week’s large wildfire in northeastern Attica, personnel at the Independent Power Transmission Operator performed feats of juggling in trying to avoid large-scale power cuts amid sweltering conditions.
China’s Ganfeng Lithium Group said on Friday its holding unit signed an agreement with a Turkish battery producer to set up a $500 million joint venture for lithium battery production.
The popular tourist islands of Folegandros, Ios and Sikinos were left without electricity for seven hours on Thursday night, a likely cause being the unprecedented demand on power due to the combination of large tourist numbers and high temperatures.
Many in the Balkans region have long mistrusted artificial cooling methods. In some areas, away from the tourist hot spots, people even avoid chilled drinks and ice cream for fear of catching a cold.
It’s one of the more improbable aspects of Russia’s invasion of Ukraine: Even after 2 1/2 years of war and repeated rounds of sanctions, Russian natural gas keeps flowing through Ukraine’s pipeline network to customers in Europe.
[nx_login_form]x
