natural gas
Energy
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...
Energy
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...
Diplomacy
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...
Energy
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...
Business
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...
Business
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...
Cyprus
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,...
Energy
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...
Diplomacy
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...
Cyprus
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...