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natural gas

Turkey Claims to Have Discovered Enormous Natural Gas Deposit in Black Sea

According to a new report by Reuters, Turkish President Erdogan claimed on Friday that his country's experts have discovered the largest gas deposit that the country had ever located in the Black Sea. In an address to the nation, the...

Greek Experts Indicate Possibility of Large Hydrocarbon Deposit South of Crete

A statement issued by the Hellenic (Greek) Hydrocarbon Resources Management (HHRM) department on Thursday, says that reliable research results indicates that the seabed region south of the Greek island of Crete might contain large quantities of hydrocarbons. ''The team of...

Greece, Cyprus and Israel Set to Sign EastMed Pipeline Agreement

The nations of Israel, Greece and Cyprus will sign a trilateral agreement on Thursday which will lay the groundwork for a planned 1,900-kilometer (1,181 mile) gas pipeline connecting Israel’s offshore natural gas fields with Europe. The deal for the Eastern...

Mammoth Natural Gas Deposit Could be Lying Just South of Crete

Geological surveys of the sea area south of Crete have indicated that up to 10 trillion cubic feet of natural gas could be hidden under the sea bed, according to a report in the Greek daily Ta Nea on...

New Natural Gas-Fired Power Plant Consonant with Greece's Green Agenda, Says PM Mitsotakis

Greek Prime Minister Kyriakos Mitsotakis reiterated on Wednesday the pledge he first made at the UN Climate Change Summit in New York in September, to phase out lignite-firing power plants by 2028. Speaking at the ceremony celebrating the construction of...

First Eastern Mediterranean Energy Leadership Summit Slated for This October in Athens

An American think tank and a Greek university are joining forces to shed light on global  energy resource investments in the Eastern Mediterranean, and especially in Greece, this October in Athens. The first annual Eastern Mediterranean Energy Leadership Summit will...

Foreign Minister Nikos Dendias to Visit Washington, Meet With Mike Pompeo

The new Greek Foreign Minister Nikos Dendias will go to Washington DC on Wednesday to meet with his counterpart in the US State Department Mike Pompeo and other senior American officials. The visit was not originally on the official schedule,...

Greece Vows to Impose Strict Environmental Criteria for Drilling Off Crete

Greece is set to impose strict environmental criteria for oil and gas drilling off Crete, high-ranking officials assured the public following Thursday's agreement with multiple petroleum companies to research and exploit natural resources there. Prime Minister Alexis Tsipras assured reporters...

Premier Tsipras Announces US' ExxonMobil to Conduct Exploration South of Crete

Greek Premier Alexis Tsipras announced on Friday that the Greek government and the American Energy giant ExxonMobil will sign an agreement regarding energy exploration and drilling next week. Speaking to journalists in Brussels following the two-day European Council Summit, Tsipras...

Energy Minister Announces Cyprus Will Earn $9.4 Billion From ''Aphrodite'' Deposit

George Lakkotrypis, the Energy Minister for Cyprus, announced on Wednesday that Cypriot authorities have signed a preliminary agreement with energy companies Shell, Delek and Noble, which will be extracting natural gas and oil from the deposit dubbed ''Aphrodite.'' Lakkotrypis explained that the...