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Energy

Greece Along With 14 EU States Call for Price Cap on Gas Imports

Greece along with another fourteen EU member states has called on the European Commission to impose a price cap on gas imports to tackle the energy crisis in Europe. As soaring energy bills threaten to undermine popular support for governments,...

Gas From Russia’s Pipelines Leaks Into the Baltic Sea

Russia's Nord Stream 1 and 2 pipelines, which supply gas to all of Europe, have suffered "unprecedented" damage and are now leaking into the Baltic Sea in waters off Denmark amid suspicions of sabotage. Shocking footage released by the Danish...

EU Proposes $141 Billion Taxes On Energy Firms to Tackle Soaring Prices

On Wednesday, the EU unveiled proposals to tax energy firms by up to $140 billion euros ($141 billion) to alleviate the burden of soaring prices for households and businesses across the bloc. EU chief Ursula von der Leyen presented the...

Scientists Urge Year-Round Summertime to Reduce Energy Costs

Italian researchers are urging the government to implement summertime throughout the entire year to save energy costs, lessen pollution, and promote public health. Like the majority of nations, Italy also sets its clocks one hour forward in the spring and...

Greece Braces for ‘Worst Winter Since 1942’ Due to Energy Crisis

Due to the energy crisis, Greece is bracing for the most difficult winter since 1942, the darkest year of the German occupation, a minister warned on Saturday. Minister of Development and Investment Adonis Georgiadis advised Greeks to seek alternative ways...

Energy Crisis Looms as Russia Halts Gas Supply to Europe

Russia's state-owned energy firm Gazprom halted gas supplies via the Nord Stream 1 pipeline to Western Europe on Wednesday for three days, the company said. The energy giant said that due to maintenance on Nord Stream 1, there would be...

Greece Doubles Power Subsidies for Households, Businesses

On Tuesday, Greece announced the doubling of power subsidies for households and businesses in September, as the price of electricity has skyrocketed. Wholesale electricity price reached 549 euros per megawatt-hour (MWh) on Monday and is due to rise to 616.38...

Huge Natural Gas Deposit Discovered by ENI-Total Off Cyprus

A huge natural gas deposit was discovered during drills in Block 6 about 160 km off the Cyprus coastline, the ENI-Total consortium announced on Monday. According to an official announcement by the Italian company, natural gas was detected in the...

Energy Dominates Talks Between Greek PM and Emir of Qatar

Energy issues dominated talks during Greek Prime Minister Kyriakos Mitsotakis' first official visit to Qatar on Monday. According to Greek government sources, the visit is indicative of the strong interest of both sides in further enhancing bilateral relations, especially during...

Spain Bans Air Conditioning from Dropping Below 27°C

Spain recently announced measures to reduce energy consumption by preventing offices, shops, and other venues from setting air conditioning below 27°C in the summer. The move follows EU countries' attempts to limit dependency on Russian gas. Although Spain is not...

Greece Approves First Offshore Wind Energy Law

Last week, Greece's parliament approved a law on the development of offshore wind energy, as the country aims to install at least 2 GW in offshore wind farms by 2030. According to the law, sea areas offered for concession will...

Greece to Switch Off Floodlit Monuments Earlier to Save Energy

Greece will switch off floodlit monuments earlier as part of an EU-wide drive to reduce energy reliance on Russia and burn fifteen percent less gas this winter, Environment and Energy Minister Kostas Skrekas said on Sunday. In an interview with...

Russia Sends Billions to Turkey for Nuclear Plant Construction

Russia is transferring billions of dollars to Turkey for the construction of the Akkuyu nuclear power plant in southern Turkey, Bloomberg reported on Friday. Russian state-owned company Rosatom sent around $5 billion last week to its Turkish subsidiary which is...

Greece and Saudi Arabia Sign Key Energy Deal

Greece and Saudi Arabia have signed a memorandum of understanding for cooperation in several areas related to the energy sector during the official visit of Crown Prince Mohammed bin Salman bin Abdulaziz to Athens. The MoU was signed by Prince...

EU Nations Urged to Cut Gas Usage Amid New Putin Warning

The European Union (EU) told member states on Wednesday to cut gas usage by 15 percent until March as an emergency step after President Vladimir Putin warned that Russian supplies sent via the biggest pipeline to Europe could be...