Calamos Supports Greece

natural gas

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 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 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...

Inflation in Greece Soars by 7.2% Following Rise in Electricity, Fuel

Greece's annual inflation rate soared by 7.2% in February compared to 6.2% in January, which has accelerated a trend that has followed the COVID-19 pandemic and now the Russia-Ukraine conflict, official statistical data released Thursday indicates. The surge in consumer...

Presidents of Israel, Turkey Vow to Mend Ties

Israel's President Isaac Herzog arrived in Turkey Wednesday to meet his counterpart President Recep Tayyip Erdogan on the first visit by an Israeli head of state since 2007, as the countries seek to mend fractured ties. "President Herzog's visit will...

EU Energy Crisis: Greece Outlines Six-Point Plan

Greece's Prime Minister Kyriakos Mitsotakis outlined a six-point plan to deal with Europe's energy crisis earlier this week. In a letter addressed to EU officials, the Greek leader calls for the EU to deal with the economic repercussions of soaring...

US Abandons EastMed Pipeline Plan

The US has seemingly abandoned the EastMed pipeline that would have brought gas from the eastern Mediterranean to Europe via Cyprus and Greece, and many Representatives are not happy. Gus Bilirakis (R-FL) and Nicole Malliotakis (R-NY) sent a stern letter...

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...

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...