Energy

METLEN Signs Five-Year US LNG Supply Deal With Shell

Greek energy group METLEN has signed a binding five-year agreement with Shell Global LNG for six liquefied natural gas cargoes a year from 2027, turning an earlier memorandum into a firm supply contract for Greece and other European markets. The...

Greece’s Milos Rejects Geothermal Exploitation

The Municipal Council of Milos has sent a defiant message against geothermal exploitation on the island, issuing a unanimous resolution in response to a request by PPC Renewables to conduct exploratory drilling. The Council stated its absolute opposition to any...

80% of Greeks Say Greece Is Unfair to Its Citizens

A new survey has shown that eight in ten Greeks (80.4 percent) perceive of life in Greece as unfair to citizens, while 81.9 percent believe that wealth is distributed unfairly in favor of businessmen, while 86.5 percent call for...

Why Electricity Bills Remain High in Greece Despite Renewable Energy Growth

Despite Greece’s more than three hundred days of sunshine per year, its powerful winds, and its growing energy investments, Greeks still pay disproportionately high electricity bills compared to other EU states. In recent years, Greece has rapidly expanded solar and...

Greece’s €30 Billion Energy Expansion Raises Big Stakes and Bigger Questions

Greece is moving ahead with a major energy transition, aiming to expand beyond a national utility model into a broader regional role in Southeastern and Central Europe. The Public Power Corporation (PPC/ΔΕΗ) and the Independent Power Transmission Operator (IPTO/ΑΔΜΗΕ) are...

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...

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...

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)...

China’s Artificial Sun Breaks Key Barrier in Pursuit of Fusion Energy

Researchers working with China’s Experimental Advanced Superconducting Tokamak (EAST), often known as the "artificial sun," have discovered a method to push past a long-standing physical limit in nuclear fusion, potentially bringing the world a step closer to stable, high-energy...

From Success to Sustainability: The $44 Billion Plan to Future-Proof Greece’s Islands

Greek islands will require approximately €35 billion (US $44 billion) in investments over the next ten years, according to a new study by the Economic Analysis Division of the National Bank of Greece. The funding aims to modernize key...