Greece
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Energy

Tilos, Greece’s First Energy-Self-Sufficient Island

The Greek island of Tilos in the Dodecanese has become the first in the entire Mediterranean to become fully self-sufficient in energy.

East Med Gas Feasible Only Through Turkey, Erdogan Says

The EastMed pipeline project, which aimed to bring natural gas from Israel directly to Europe cannot become a reality without Turkey, Turkish President Recep Tayyip Erdogan said on Monday. “This is not a project that can be materialized. They (the...

Why is the U.S. Pulling the Plug on the EastMed Pipeline?

The ambitious EastMed pipeline project for bringing natural gas from Israel directly to Europe via sea is undermined by the United States

Greece Grants $452 Million in Energy Financial Relief

Greece extended the financial relief offered to businesses and households due to the rising energy costs on Friday. PM Kyriakos Mitsotakis announced that the government will allocate another 400 million euros ($452 million), covering a significant part of the increases...

Electricity Prices Skyrocket in Greece, Europe as Winter Sets In

Greece and the rest of Europe are facing an energy crisis with electricity prices skyrocketing to new records on Wednesday as winter sets in. According to the European platform EEX, wholesale prices of electricity at over 400 euros ($450) per...

Cyprus Signs Deal for More Offshore Drilling with ExxonMobil

Cyprus's Energy Minister Natasa Pilides signed a deal to issue ExxonMobil and partner Qatar Energy for a second exploration license for offshore drilling. Pilides said that ExxonMobil plans to begin exploring Cyprus's waters during the first half of 2022 to...

Concept Aircraft Boasting Zero Emissions Flight Unveiled

The British government is funding a new concept aircraft fueled by liquid hydrogen. The aircraft will contribute to reaching zero carbon emissions flight using its innovative energy source. The project, known as FlyZero, is being headed by the Aerospace Technology...

Turkey Plans Second and Third Nuclear Power Plants

Turkish President Recep Tayyip Erdogan announced on Tuesday that the country plans to construct its second and third nuclear power plants -- after the first comes online, that is. The Akkuyu Power Plant in the south of Turkey, created with...

Energy Storage: Is Greece Becoming Europe’s Battery?

A series of ambitious plans by the Greek government on energy storage begs the question: Is Greece's ambition to become Europe's battery? Converging environmental and financial circumstances might offer an answer. Early last summer, the government announced an ambitious plan...

Greece Pushes For EU-Wide Response to Energy Crunch

Greece pushed for a EU response to the tackle the ongoing energy crunch at the summit of leaders that took place on Thursday and Friday in Brussels. However, EU leaders shunned sweeping action by adopting a moderate list of measures...

Greece and Egypt to Sign Electricity Link-Up

Greece and Egypt will ink a preliminary deal to build a large electrical cable connecting the two countries on Thursday. It is the first such agreement to be signed between Europe and Africa in the southeastern Mediterranean. The deal will...

Could EU Energy Price Hikes Lead to a Global Energy Crisis?

Gas and other energy prices have spiked in Greece, Europe and globally in the past two weeks. Experts have been researching whether this could lead to a new global energy crisis, like the one in the 1970s. Analysts believe gas...

Greece Offers Power Subsidy to Households as Energy Price Soars

Greece announced on Friday a series of measures that would offer households subsidies to cope with soaring energy prices. “In this unprecedented energy crisis, we will not leave anyone unprotected,” said Environment and Energy Minister Costas Skrekas at a joint...

As Prices Rise, Russia’s Gazprom Cuts Gas Supplies to EU by 70%

The Russian firm Gazprom, which is majority owned by the Russian state, is continuing to reduce gas supplies to Europe via Belarus, potentially aggravating tense market conditions. The price of gas has all but doubled in the last few...

Greece Calls on EU to Protect Consumers From Gas Price Spikes

Greece called on the European Union on Monday to create a special mechanism to protect consumers from steep gas price spikes across the bloc. In a joint letter to the head of the eurozone’s finance ministers, Paschal Donohoe and Greek...