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.
ENERGY
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.
The prospects for electricity retail prices in September look bleak, given recent developments in the wholesale and futures markets.
Reparations in the electricity distribution network are underway in fire-stricken regions in East Attica.
Traders are moving Russian diesel cargoes to a new ship-to-ship (STS) loadings site in the northern Aegean Sea, as Western sanctions hit vessels carrying fuel loaded in Russian ports, LSEG and market sources data show.
Traders are moving Russian diesel cargoes to a new ship-to-ship (STS) loadings site in the northern Aegean Sea, as Western sanctions hit vessels carrying fuel loaded in Russian ports, LSEG and market sources data show.
The government has downwardly revised its short-term energy transition goals after realizing they would constrain growth too much.
Imports of natural gas from Russia reached an all-time high energy equivalent of 3.69 terawatt-hours in July, at the expense of liquefied natural gas (LNG), which was supposed to lessen our dependence on Russian gas.
An association of scientists says that wind parks, whose construction has often run into local opposition, actually help local forests.
Ukraine’s attack on Russian soil, near an important transshipping point for Russian gas to Europe, has taken the uncertainty over the gas market up another notch, sending futures contracts up to new year-highs.
Greek-owned crude oil tanker Delta Blue has reported four attacks off Yemen’s port of Mokha during the last 24 hours, the United Kingdom Maritime Trade Operations agency said on Friday, and the vessel’s manager said the ship and its crew were safe.
Athens is closely observing Ankara’s plans to enhance its fleet for hydrocarbon exploration and extraction.
The threat of generalized conflict in the Middle East is reportedly causing intense concern in Athens regarding the turbulence it could trigger in the energy sector, supply chains, and in the economy in general.
Power company PPC announced Tuesday net profits of €228 million for the first half of 2024, up from €84 million in the same period in 2023. Adjusted earnings before interest, tax and asset depreciation (EBITDA) rose 57%, to €927 million. Managers said the target of €1.8 billion in EBITDA for the whole of 2024 is reachable.
August energy prices bode ill for September’s electricity prices. In the first six days of August, and for no apparent reason, the average price of electricity in the wholesale market was €128.98 per megawatt-hour, higher even than traditionally expensive Italy, where the average price was €123 per MWh.
The Prinos oil field in northern Greece can capture 3 million tons of carbon dioxide a year, three times the amount envisaged in an initial study.
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