Calamos Supports Greece

Energy

Greek Shipper to Provide Germany with Liquified Gas Storage Facilities

A Greek shipping company has struck a deal this week with Germany to provide two floating liquified gas units as Berlin tries to reduce its reliance on Russian gas. George Prokopiou’s Dynagas Ltd signed the agreement for the storage and...

Greece’s Tilos Island Becomes Global Leader in Recycling

Greece's Tilos island is the island with the greatest recycling rate globally due to a program introduced in December 2021 by a private company. The program plans to turn Tilos into the first green island globally with zero household trash,...

Consumers in Greece to Receive 60 Percent Rebate On Electricity Bills

Consumers in Greece will be getting a rebate of 60 percent on the extra charges they paid for their electricity from December to May, as part of a packet of relief measures to tackle soaring energy prices, PM Kyriakos...

EU Plans to Ban Oil Imports from Russia by the End of 2022

The EU Commission announced plans on Wednesday to ban the import of oil from Russia by the end of 2022 and to sanction Russians who committed war crimes in Ukraine. "Putin must pay a high price for his brutal aggression,"...

Greece Set to Become Energy Hub Through New LNG Terminal

On Tuesday, Greece launched a liquified natural gas terminal which is being developed in Alexandroupolis, aimed at helping Europe and the Balkans become less reliant on Russian supplies. The LNG terminal is a “beacon sending a dual message: that with...

Russia Cuts Off Gas Supplies to Poland and Bulgaria

Russia's energy giant Gazprom completely severed gas supplies to both Bulgaria and Poland on Wednesday after its April payments were received in roubles. The announcement comes after Russian President Vladimir Putin demanded that countries deemed "unfriendly" to Russia must start...

Radiation at Chernobyl “Normal” on Anniversary of Nuclear Disaster

The head of the UN's atomic agency said on Tuesday radiation levels at the former Chernobyl nuclear power station, the scene of weeks of fighting after the Russian invasion, are "normal." International Atomic Energy Agency director-general Rafael Grossi told reporters...

EU: How to Reduce Your Energy Bills and Dependency on Russia

This week, the European Commission and the International Energy Agency outlined a range of simple steps that people and governments can take to reduce energy bills, dependency on Russian energy, and help the environment. According to the plan, if all...

Greece’s Astypalaia Island Turns “Green” with Fleet of Electric Cars

Greece's Astypalaia received the first shipment of electric cars this week through a program to make it the first “smart” island that runs almost entirely on green energy. The delivery is part of the “Smart and Sustainable Island” program, a...

Greece Could Be Sitting on “600 Billion Cubic Meters” of Natural Gas

Greece could be sitting on natural gas reserves of more than 600 billion cubic meters, a senior executive of its hydrocarbons commission told Reuters on Thursday. As Greece accelerates gas exploration to cut its reliance on Russian energy, Chief Executive...

Greece Sets 2023 as Make or Break Year for Natural Gas Exploration

Greece said on Tuesday that by 2023, it will be known whether it has natural gas reserves that are economically viable to extract, as the country tries to cut its reliance on Russian energy. Prime Minister Kyriakos Mitsotakis, who met...

Greece Launches Largest Double-Sided Solar Farm in Europe

Earlier this week, Greece established the largest double-sided solar farm in Europe in Kozani, Macedonia, was built by Greece's biggest oil refiner, Hellenic Petroleum (Helpe). The two-sided, or bifacial, system of panels will supply power to 75,000 households and connect...

Greece Accelerates Gas Exploration in the Ionian Sea and Crete

Greece is expected to announce initiatives to accelerate natural gas exploration in the Ionian Sea and in Crete after Russia threatened to cut off supplies to Europe. According to a report in the Athens-Macedonian News Agency (AMNA), the aim of...

Biden, EU Agree Gas Deal to Curb Reliance on Russia

US President Joe Biden and the EU President Ursula von der Leyen announced on Friday a major deal on liquified natural gas, in an attempt to reduce Europe's reliance on Russian energy. The agreement will see the US provide the...

A Solar Power Station in Space? Here’s How it Would Work

The UK government is reportedly considering a £16 billion proposal to build a solar power station in space. By Jovana Radulovic Yes, you read that right. Space-based solar power is one of the technologies to feature in the government’s Net Zero...