Average yearly costs for power in 2021 calculated at 9,000 euros, jumping to 14,000 euros in 2022 and 17,500 euros in 2023
By all accounts, such drilling will focus on exploitable natural gas deposits in Greek waters
The emphasis now is on expanding vertical energy and transport routes from the Aegean to eastern and central Europe
This transaction marks the latest investment by Macquarie Asset Management in the Greek energy market, following its acquisition of a 49 per cent stake in Hellenic Electricity Distribution Network Operator in 2022.
Simultaneously, Greece maintains its standing within the top 20 globally, securing the 18th position in the overall ranking
According to the agreement, the Intrakat Group is set to transfer six operational and under-development RE projects to DEI Renewables, totaling approximately 164 MW
Commission approves €150 million Greek scheme to support energy-intensive companies in the context of Russia's war against Ukraine
According to energy sector websites, the Greek company will be in charge of the engineering, procurement and construction of civil works, and installation of all equipment
Mr. Aivaliotis emphasized that social tariffs are continuing as usual. "Support for the vulnerable continues," he underscored, noting provisions even for those using electric heating.
Natural gas prices in Europe are close to their lowest levels in six months and a full 70% down on this time last year, while oil prices are also below $80/barrel, which is less than they were at the start of last winter
Greece stands on the cusp of becoming a pivotal hub for the European hydrogen and fuel cell sector, but the nation faces critical challenges that demand urgent attention and strategic planning.
Consumers express frustration, unable to find a clear answer to the fundamental question of whether electricity will be cheaper or costlier come the New Year.
High-profile discussion at the 23rd World LNG Summit & Awards focuses on changes, challenges and opportunities in the global market, particularly the future course of LNG as a cleaner and dependable fuel source
The 23rd World LNG Summit & Awards is taking place in Athens throughout this week, with the world’s senior LNG leaders, policy-makers and traders detailing and discussing the crucial role that this energy source plays in delivering security, economic stability as well as the ongoing drive for decarbonization. Specific sessions at a downtown Athens hotel […]
PM Mitsotakis will spend two days in Berlin meeting with Olaf Scholz, Friedrich Merz, Charles Michel, amongst others
The Elefsina shipyard will be rehabilitated and play a critical role in reducing reliance on Russian energy