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Restart oil production in Prinos

Current prices remain low, with 11 fixed tariffs and three "green" (including PPC) below 15 cents per kilowatt hour in April. Deputy Environment Minister Nikos Tsafos said there is no alarm, as wholesale prices are lower than last year. The Gulf truce, low gas prices, increased hydroelectric production and RES contribute. A positive development is the restart of oil production in Prino in February, aiming at 1,500 barrels daily from certified reserves of 40 million barrels.

11/04/2026

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Egypt pledged to buy the entire gas production from the deposit «Venus» of Cyprus

Egypt agreed to buy all natural gas production from the Cypriot deposit «Venus», which is expected to enter into operation in 2031. Egyptian Natural Gas Holding Co. signed a preliminary agreement with project partners – NewMed Energy LP (30%), Chevron (35%) and Shell (35%). The sides will recommend Aphrodite Midstream Co. to implement a transmission system off the Egyptian coast. The agreement aims to ensure the long-term supply of Egypt, which has become a net importer due to increased demand and reduced domestic production.

09/04/2026

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Fuel Pass: What is the new payment plan after black out in the system

The Fuel Pass program changed radically after «crash» the platform from the volume of applications. From 17:00 Monday 6 April to 21:00 160,000 applications were submitted, with 667 requests per minute. The first 160,000 beneficiaries will be paid on Wednesday 8 April. As of Tuesday 7/4 today, applications are gradually made on the basis of the last digit of VAT: VAT ending at 1,2.3 today, at 4.5.6,7 tomorrow Wednesday and 8,9.0 Thursday 9/4. From Friday 10/4 the platform opens for everyone up to 30/4. The aid ranges from EUR 40-60 depending on the area and how it is paid.

08/04/2026

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