Third support package: What will include, when announced
New

Third support package: What will include, when announced

The government is preparing the third support package, with a communication expected from the Prime Minister following the European Commission guidelines. Ursula Von Der Leien will present Wednesday's toolbox with recommendations for energy coupons and income support. Greece achieved for the 4th consecutive year an additional 2.5-2.8 billion euros, with the available amount depending on negotiations with the Commission. On the table are the continuation of the fuel pass until the end of May, the profit margin, as well as possible market pass and energy pass, while there is no reduction in EIC and VAT.

See more
European airlines cancel flights
New

European airlines cancel flights

The aircraft fuel crisis, caused by the closure of the Strait of Ormuz, forces major European airlines to cut flights and freeze aircraft, amid tightness in the offer, notes Politico. International Energy Agency chief Fatih Birol told the AP Thursday that the continent has «aircraft fuel stocks perhaps for [...]

See more
Restart oil production in Prinos
New

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.

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

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.

See more
EnglishenEnglishEnglish

Connection

Registration

Restore Password

Enter your alias or email address and you will be sent a link to create a new password.