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Turkey's Aegean moratorium eases tension as Berlin tries to foster talks
PoliticsForeign PolicyTurkey has decided to suspend for the time being planned research for oil and gas reserves in areas... oil and gas finds in the Aegean Sea and Eastern Mediterranean, arguing that sea boundaries... why just hours after Kalin said it would pause research for oil and gas exploration in the Eastern
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Impact of inflation already widespread, but data suggests worse to come
EconomyFeaturespct. Energy related prices skyrocketed annually in October, with natural gas up by 132.3 pct... is equally alarming, with natural gas and heating oil prices jumping by more than 21 pct month-on-month... petroleum products jumped annually by 86.4 pct, extraction of crude and natural gas was up by more than
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Mitsotakis breaks the ice in Sochi but Russia's wariness remains
PoliticsGreek Politics-Russian relations that the two men discussed is Gazprom's gas supply and its cost. The Greek government... Putin noted that Russia remains a critical supplier of natural gas to Greece, covering around 40 pct... of the European hub, TTF. Due to the huge increase in global gas prices this year, the Greek side is seeking
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Govt readies targeted support for energy bills in bid to contain cost of living crisis
PoliticsGreek Politics. With high electricity and natural gas prices set to persist over the winter, the task facing... Gazprom and gas company DEPA, after a series of top-level political meetings shadowing the commercial negotiations between the two parties. The agreement limits exposure to the market price of gas to 80 pct
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Newsletter 322 - 07/01/2022
compared to 152 in Serbia and 76 in Germany. With high electricity and natural gas prices set... of 42 euros in January, while stipends for natural gas bills would also be made available. Subsidies... of the electricity and gas subsidies for January will reach 395 million euros, according to the minister. Although
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Parties pick from energy policy menu as EU response opens up more options
PoliticsGreek Politicsgas markets, published in a letter to Commission President von der Leyen on Wednesday, looks instead... natural gas supplier DEPA. The prime minister intends to press his proposals at Thursday’s... on imported natural gas, and the privatisation of the national power utility PPC. In a statement issued
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Pressure intensifies on govt for more radical interventions in energy markets
PoliticsGreek Politicshave low running costs relative to natural gas, that energy experts say have the potential to generate outsize profits in a market driven by natural gas prices. While the government has made... on Mitsotakis’s proposal for an EU-level mechanism to cap natural gas prices. The government’s
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High energy prices fuel uncertainty on fiscal front
EconomyMacroeconomyinto natural gas prices, which have reached 160 euros/MWh, creating doubts about the cost of the latest... of the year. However, the calculations were based on lower wholesale gas prices. At current prices... to the risk of a winter with interruptions in gas supplies from Russia, there was an emergency
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Import price rise slows to 32.8 pct in June, index posts first MoM drop since Nov
EconomyMacroeconomythe eurozone market. Energy prices dominate the import rise, with electricity and gas supply posting... and extraction of crude oil and natural gas rising by 54 percent YoY. Basic metals followed with an annual... respectively. The monthly movements were led by an 8.8 percent drop in electricity and gas supply, while
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Mitsotakis seeks Libya cooperation, keeps open mind on extending territorial waters
PoliticsForeign Policythat this proposal creates a real prospect for the future talks with Libya on joint exploitation of gas... natural gas, which will contribute to our country’s energy security and Europe’s,” Mitsotakis said. He added that in April, Greece plans to speed up exploration for reserves to replace Russian gas
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