Greece's coal power fell to a record low in 2024, as renewables filled nearly half of the country's electricity needs that year, according to data from Eurostat.
Lignite, the only form of coal used in Greek power plants, generated 281,000...
On Tuesday, Eni announced that it has reached the Final Investment Decision (FID) for the development of the Cronos gas field in Cyprus’s Exclusive Economic Zone (EEZ), aiming to bring the country’s first natural gas to market in 2028.
According...
Turkey has issued a new NAVTEX authorizing the Oruc Reis to conduct seismic surveys in the Eastern Mediterranean as Ankara prepares a natural gas pipeline linking its southern coast with Turkish-occupied northern Cyprus.
The navigational notice will remain in effect...
The United States, Cyprus, Greece, and Israel have formalized a new energy partnership aimed at securing infrastructure and boosting natural gas development in the Eastern Mediterranean.
US Energy Secretary Chris Wright signed a Declaration of Intent (DOI) alongside Cypriot Energy...
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...
Chevron and HELLENiQ ENERGY have filed an official request for Chevron to enter Greece’s Block 10 concession in the Gulf of Kyparissia, the Greek Ministry of Environment and Energy announced.
The request marks another step in the US energy giant’s...
A major milestone for Greece's energy sector was reached today at the Ministry of Environment and Energy, with the signing of the contract for exploratory drilling in Block 2 of the Northwest Ionian Sea.
Scheduled for February 2027, this will...
Cyprus plans to begin offshore natural gas production by late 2027, Energy Minister Michalis Damianos said on Tuesday, providing a clearer timeline for a long-awaited milestone in the country’s energy strategy.
Damianos made the remarks ahead of an informal meeting...
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...
Market interest in transporting natural gas through the Vertical Gas Corridor from Greece remained weak in the latest capacity auction for February. According to market sources, the auction attracted a single bid covering the transfer of 48 megawatt-hours (1,638...
