“Green” electricity production increased to record levels on Sunday, September 10, when renewable energy sources (RES) covered up to 140% of demand, with the surplus channeled to exports, while the participation of lignite was reduced to zero. According to the data published on Saturday by the Independent Power Transmission Operator …
Read More »US Backs Chevron in Dispute with Cyprus over Giant Gas Field
Washington has weighed into a dispute between Cyprus and international companies led by Chevron over how to develop a giant offshore gas field, backing the US company’s plan to link it to neighboring Egypt, two industry sources and a US source said on Friday. The Chevron-led consortium proposed connecting the …
Read More »EU to Propose Crisis Measures to Tackle Energy Price Spike
The European Union will propose measures to cap revenues from low-cost electricity generators and force fossil fuel firms to share the profits they make from soaring energy prices, European Commission President Ursula von der Leyen said on Wednesday. European governments have ploughed hundreds of billions of euros into tax cuts, …
Read More »Kazakh Oil to Flow through Turkey Instead of Russia
Kazakhstan’s state oil firm Kazmunaygas (KMG) is reportedly in advanced discussions with the trading arm of Azerbaijan’s state firm SOCAR to allow 1.5 million tons per year of Kazakh crude to be sold through the Azeri pipeline that delivers oil to Turkey’s Mediterranean port of Ceyhan. Kazakh oil is expected …
Read More »Gazprom Resumes Gas Flows to Turkey via Blue Stream
Russia’s Gazprom has resumed shipping natural gas to Turkey after completing planned maintenance on the undersea Blue Stream gas pipeline, the Interfax news agency reported on Monday.
Read More »Greece Key in Independence from Russian Gas
One of the keys to complete independence of Southeastern Europe from Russian gas is the new import and transit infrastructure that is being developed in Greece, according to a statement by the European Commission. In addition to the projects that are being implemented, the Environment and Energy Ministry last week …
Read More »Accelerating Exploration for Greek Hydrocarbons
Greece plans to accelerate gas exploration in its western and southern waters in a fresh drive to tap domestic resources amid soaring energy prices and concerns over Russian gas supplies, government sources said on Tuesday. Greece has produced small quantities of oil in the past and has attempted to explore …
Read More »Greece Prepares for Offshore Wind Farm Investments
The institutional framework for offshore wind farms and energy storage will be ready by June 2021, Environment and Energy Minister Kostas Skrekas told the Blue Economy Forum, titled “The Way to a Green Recovery,” on Tuesday. He said it would include issues of licensing, installations and connections to the power …
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