Energy

Greece Signs Landmark Drilling Agreement for Ionian Sea Hydrocarbons

A major milestone for Greece's energy sector was reached today at the Ministry of Environment and Energy, with the signing of the contract for exploratory drilling in Block 2 of the Northwest Ionian Sea. Scheduled for February 2027, this will...

Greece to Release Two Million Barrels of Emergency Oil Reserves

In a coordinated effort to stabilize international energy markets, Greece has announced the release of two million barrels of crude oil from its emergency reserves. This move comes as part of a broader initiative led by the International Energy Agency...

Greece Has 9th Highest Fuel Prices in the World, With Taxes Weighing on Costs

As the conflict in the Middle East continues to send shockwaves through the global oil and natural gas supply chains, fuel prices at Greece's gas stations are reaching the boiling point. According to reports from the newspaper Ta Nea, Greece...

US Crude Shipment Arrives in Greece as Middle East Tensions Disrupt Supply

For the first time in four years, a cargo of US WTI Midland crude is bound for the Motor Oil refinery in Corinth, Greece, according to Kpler ship-tracking data. The shift comes as escalating conflict in the Middle East...

Does the War in Iran Boost US Oil Giants?

The recent chaos in the global oil and gas market, fueled in part by tensions surrounding the Iran war, has turned the Middle East into a high-stakes arena for US oil and gas interests. Attention is now fixed on the...

Turkey Unveils Plan for 8 Nuclear Reactors in Major Energy Expansion

Turkey has unveiled plans to build eight nuclear reactors as part of a major effort to expand its energy capacity and reduce dependence on imported fuels, Energy Minister Alparslan Bayraktar said on Wednesday. The proposal includes four reactors in the...

Greece Ratifies Major Offshore Gas Exploration Deal With Chevron

The Greek Parliament passed a draft bill on Friday ratifying four lease agreements that grant a Chevron-led consortium the rights to explore and exploit natural gas and hydrocarbons in maritime blocks south of Crete and the Peloponnese. The consortium is...

Nuclear Neighbors: Why Greece Is Following the Regional Trend

As a nuclear renaissance sweeps across the Mediterranean and the Balkans, Greece finds itself surrounded by neighbors—from Italy to Turkey—that are either expanding their atomic fleets or overturning decades-old bans. In this rapidly evolving regional landscape, Athens’ move to...

Greece Opens Door to Nuclear Energy Exploration

Greece's Prime Minister Kyriakos Mitsotakis signaled a strategic shift during his address at the 2nd Nuclear Energy Summit in Paris, an event that brings together representatives of forty-one nations and international organizations. "Greece is turning a page. It is time...

Scientists Develop Technology That Turns Noise into Electricity

Researchers at Satbayev University in Almaty are developing a compact device that can generate electricity from noise and mechanical vibrations in the surrounding environment. Scientists say the technology could help power sensors and monitoring systems in remote areas where...

Greece Cemented as Regional Energy Hub at Washington Transatlantic Gas Security Summit

Greece’s strategic footprint in the energy sector was significantly expanded during Tuesday’s "Transatlantic Gas Security Summit" in Washington, an initiative of the White House Council on Energy Sovereignty. Of the six landmark energy agreements announced, five are directly linked to...

Greece Positions Itself as Southeast Europe’s Energy Hub at D.C. Event

The role of Greece as an emerging energy hub in Southeastern Europe and the strategic importance of the Vertical Corridor for Europe’s energy security were highlighted by the Minister of Environment and Energy, Stavros Papastavrou, while speaking at the...

Greece and Turkey Clash Over Chevron Deal South of Crete

Turkey has formally objected to Greece’s authorization of offshore energy exploration south of Crete, labeling the move a "unilateral provocation" that violates international law and existing regional agreements. The escalation follows Athens’ signing of lease agreements with a consortium led...

Greece Signs Hydrocarbon Exploration Agreements With Chevron–Helleniq Energy

On Monday, Greece signed concession agreements for four offshore blocks located south of Crete and the Peloponnese. The contracts were awarded to a consortium comprising Chevron and Helleniq Energy. The signing comes eighteen months after the consortium’s initial expression of...

US Government Praises Greece for Vertical Corridor and Energy Agreements

The US Executive Director of the National Energy Dominance Council (NEDC) Jarrod Agen congratulated Greece on two energy agreements during the Munich Security Conference, the Athens-Macedonian News Agency (AMNA) reports. Greece has joined the Partnership for Transatlantic Energy Cooperation (P-TEC)...