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Energy

EU Imposes Price Cap on Russian Oil at $60 Per Barrel

This Friday, the European Union (EU) agreed to introduce a price cap on Russian oil. The decision is intended to punish Moscow for the Russian invasion of Ukraine and limit potential profits. The cap will be set at $60 per...

Enterprises From Greece And Cyprus Shortlisted For Prestigious EU Awards

Two enterprises from Greece and Cyprus are shortlisted for two separate European Enterprise Promotion Awards (EEPA) this year.

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...

Libya-Turkey Energy Deal Escalates Mediterranean Tensions

The Libya-Turkey energy deal is escalating the dangers of open conflict between Ankara and Athens. Turkey and Libya have demarcated potential oil and gas-rich zones in the Mediterranean. This maneuver has also irritated Egypt. On October 3rd, Turkey signed a...

Climate Change Threatens Supercomputers

Climate change is beginning to have an enormously negative effect on technology. Intense heat waves, wildfires and droughts are becoming increasingly common and supercomputers have now apparently become part of its collateral damage. The California wildfire in 2018, also known as...

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...

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...

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...

Greece to Use Lignite Again as Fuel Alternative Due to Energy Crisis

Greece is planning to ramp up the use of lignite as an alternative power source to natural gas, which has become extremely expensive in the wake of the war in Ukraine. Lignite, or brown coal, is formed from naturally compressed...

Greek State TV Shows How to Steal Gas From Cars, Prompting Criticism

Greek state TV ran a news segment on Wednesday showing viewers how to steal gas from cars, prompting criticism at a time when the nation's average fuel price is now over 2.4 euros ($2.53) per liter. During the morning broadcast...