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natural gas

PM Tsipras Visits Greek-Bulgarian Border to Launch New Gas Pipeline

Greek Prime Minister Alexis Tsipras visited the Greek-Bulgarian border, at the village of Kirkovo on Wednesday, to attend a ceremony for the launching of the construction of a new gas pipeline. The new pipeline will be called "Gas Interconnector...

Greece's DEPA to Begin Selling Natural Gas to Bulgaria

Greek energy provider DEPA on Tuesday became the first Western company to strike a deal with Bulgaria’s state-owned Bulgargaz to provide natural gas to the country. This is the first time Bulgaria has ever bought gas from another provider outside its long-term...

Environmental Organization Warns of Risks in Greek Plans to Drill Off Crete

The Greek office of the World Wildlife Fund (WWF Hellas) issued a statement on Wednesday warning of ''huge environmental and economic risks to the detriment of Crete and the rest of Greece.'' The remarks came as Greek authorities are proceeding...

Natural Gas Deposits in Cyprus' EEZ Alters Balance in East Mediterranean

This week's announcement of the discovery of a natural gas field containing 5 to 8 trillion cubic feet of the resource, in plot 10 of Cyprus' Exclusive Economic Zone (EEZ), has been nothing short of explosive. The news of the major discovery...

US Exxon Mobil Announces Huge Natural Gas Discovery Off Cyprus

The American Energy Company Exxon Mobil announced on Thursday afternoon that after a series of exploratory drillings, they have discovered large quantities of natural gas off the coast of Cyprus. The discovery was made at the well named ''Glaucus 1,''...

Trans-Adriatic Natural Gas Pipeline Nearly Complete

Katerina Papalexandri, the manager of the Greek section of the new pipeline, announced on Monday that the construction of the Trans-Adriatic Pipeline is nearly complete. Speaking with the state-run AMNA news agency, Papalexandri said that the excavations to lay the pipe...

Renewed Drilling Ahead For Cyprus' ''Delfini'' Area

Greek and Cypriot media reported on Thursday an initial failure in Exxon Mobil's campaign to discover natural gas in the area dubbed ''Delfini'', in Block 10 of the Cypriot Exclusive Economic Zone (EEZ). According to a statement made by Cyprus'...

How Greece Will Benefit from East Med Gas Pipeline

Greece will definitely benefit from the recent agreement with Israel and Cyprus for the construction of the East Med gas pipeline, according to a report in the German financial newspaper Handelsblatt. The proposed pipeline will transport natural gas from the...

Greece, Israel and Cyprus Reach Deal on Gas Pipeline

The leaders of Greece, Cyprus and Israel have reached an agreement to develop the East Med natural gas pipeline, which will transport natural gas to the E.U. via Cyprus and Greece. The three leaders met on Thursday in the Israeli...

Anastasiades Doesn't Rule Out Cooperation With Turkey in East Mediterranean

The President of the Republic of Cyprus, Nicos Anastasiades, has sent the message to the Turkish Cypriots that no one is trying to appropriate the natural wealth belonging to all legitimate citizens of the Republic of Cyprus and that...