Tag Archives: Greece

U.S. supermajor Chevron has expressed interest in oil and gas exploration in two additional offshore blocks south of the Greek island of Crete, Greece’s Ministry of Energy and Environment said on Wednesday. Earlier this year, Greece said that Chevron had expressed interest in exploring the area southwest of the Peloponnese …

Greece is urging the EU to move faster to address the high power and natural gas prices in the bloc that undermine its competitiveness alongside burdening households, Greek Prime Minister Kyriakos Mitsotakis wrote in a letter to European Commission President Ursula von der Leyen seen by Bloomberg News. European wholesale …

Saudi Arabia has signed a deal with Greece for the establishment of a jointly-owned company to link up the two countries’ power grids with the goal of supplying Europe with clean energy, Reuters reports. The new company, Saudi Greek Interconnection, joins Greece’s IPTO and Saudi Arabia’s National Grid, each with …

“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 …

Greek shipping tycoons and their tanker companies are moving large volumes of Russian oil and are making a lot of money off these trades, which are mostly shunned by other Western ship owners after the West moved to sanction Russia’s crude. Tankers owned by EU member Greece, one of the …

Greek ships remain the dominant force shipping Russian crude, increasing their market share significantly since the December 5 ban on Russian oil exports started, according to new data from freight data firm Vortexa. Greek and other foreign owners are allowed to transport crude and products out of Russia under an …

On the islet of Revithoussa near Athens, Greece’s only liquefied natural gas (LNG) terminal station is operating at full capacity. The country has boosted LNG’s share in its energy mix since the onset of the energy crisis to protect households and businesses from blackouts. For Greece, the rocketing cost of …

The supply of Russian natural gas to Greece remains normal, Greek government spokesman Ioannis Oikonomou told a briefing on Monday, adding that the suspension of deliveries via the Nord Stream gas pipeline due to scheduled maintenance had no effect whatsoever. Asked whether natural gas supply to Greece is sufficient in …

Gazprom’s natural gas flows to Greece will be interrupted from June 21 to June 27, according to information published by from state-run Public Gas Corporation of Greece DEPA. The interruption is due to the annual scheduled maintenance of the TurkStream pipeline, through which Greece is supplied. Gazprom announced on Saturday …

Turkish President Recep Tayyip Erdogan on Thursday accused Greece of militarizing its islands in the Aegean Sea with an eye toward threatening Turkey, in but the latest salvo in a series of tit-for-tat accusations between the two NATO members. Erdogan urged immediate demilitarization of the islands, stressing Turkey will never …