Greece and Israel signed a strategic energy agreement on Monday, further upgrading their bilateral economic and political relations amid escalating uncertainty in the Eastern Mediterranean and Turkish claims and aspirations in the region.
Choosing an energy provider has become a headache for consumers.
Reactions are mixed in Nicosia about the reported agreement between Greek grid operator ADMIE and French fund Meridiam.
Greece and Israel have signed a bilateral agreement that both sides say will promote regional energy stability.
Qatar would stop shipping gas to the European Union if member states strictly enforce a new law on forced labor and environmental damage, Energy Minister Saad al-Kaabi told the Financial Times in an interview published on Sunday.
Russian President Vladimir Putin met Slovak Prime Minister Robert Fico in the Kremlin on Sunday, a rare visit by a European Union leader to Moscow as a contract allowing for Russian gas to transit through Ukraine nears expiry.
The Meridiam-ADMIE agreement also includes the prospect of attracting more investors to the GSI project.
Greek grid operator ADMIE has struck a deal with French investment firm Meridiam for the long-anticipated Cyprus-Greece electricity cable project.
French investment firm Meridiam has agreed to acquire a 49.9% stake in the Great Sea Interconnector consortium, seeking to link the transmission networks of Greece, Cyprus and eventually Israel, according to Bloomberg.
Dues totaling 1.5 billion euros are what consumers changing providers have left in the electricity market. The largest percentage corresponds to unpaid debts of consumers who abuse the right to free movement provided for in the Electricity Supply Code.
Greece-based energy group Metlen has applied for a second listing on the London Stock Exchange, seeking to strengthen its presence in international markets, two sources with knowledge of the matter told Reuters on Monday.
After acquiring 100% of Elpedison’s share capital, the management of Helleniq Energy estimates that it will be able to dynamically develop the company, achieve significant synergies in the management of the electricity and natural gas production and trading units, and reflect this value on its balance sheet, the listed company’s CEO said on Thursday.
Public Power Corporation enters the Italian market through the imminent launch of operations at two new photovoltaic plants.
The year 2025 is shaping up to be pivotal for the long-delayed liquefied natural gas terminal project in Vasilikos.
Debuting with Energy Transition Summit Southeastern Europe in 2025
The ambitious Great Sea Interconnector, designed to link Greece and Cyprus through an undersea electricity cable, is mired in geopolitical tensions and bureaucratic delays, raising questions about its future viability.
Italgas, which two years ago acquired DEPA Infrastructure and renamed Greece’s gas grid company Enaon, announced this week it is preparing a total investment of 1 billion euros in Greece as part of the group’s 2024-2030 Strategic Plan.
In the Mavri Petra (Black Stone) area of northern Evros, near Greece’s border with Bulgaria, two wind farms have been approved for construction.
The increase in wholesale electricity rates has largely been absorbed this month by major power suppliers, including market leaders Public Power Corporation (PPC) and Protergia. As a result, the Energy Ministry announced on Friday a minimal subsidy for electricity bills, amounting to 1.5 cents per kilowatt-hour, covering nine out of 10 households in Greece for December.
Almost a year after the introduction in the electricity market of “colored” rates and the dominance of the “green” special tariff – imposed by law to prevent another fiasco such as that with the “adjustment clause” – more and more consumers are now choosing the “blue” fixed tariffs.
Plans for the Greece-Cyprus power link, the ambitious GSI cable project, face mounting delays as undersea mapping near Crete and Kasos yields minimal progress.
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