ENERGY

ENGLISH EDITION

Tender for underground natural gas storage unit off Kavala seen in summer

A move that is the first step in launching the tender for the concession of the facility, one of the many links in the ambitious plan to turn northern Greece into a strong regional energy hub, along with the Alexandroupolis FSRU and the TAP, IGB pipelines. In the underground infrastructure, it will be possible to store, in exchange for a price, of course, natural gas for a long time, a possibility that does not exist today in Greece, despite this being provided in many other European countries.

06 Μάιος 2020 13:45

ENGLISH EDITION

Italian players battle it out over DEPA Infrastructure sale

The first phase of the privatization winds up today with the expiration of a deadline for those submitting initial interest in the Greek asset. Two Italian companies, SNAM and Italgas, are getting ready to battle it out for the privatization of DEPA Infrastructure amidst strong international interest for the tender deal.

21 Φεβ 2020 14:52

ENGLISH EDITION

Solar power projects market heats up as new trends emerge

On Thursday, Mytilineos announced the sale of a 47MW portfolio of solar parks to Motor Oil for 45.8 million euros. The target for Mytilineos over the next five years is to build and sell energy parks with a capacity of 1500 MW mainly abroad, where it has a large portfolio of projects in countries such as Australia, UK, Spain, Cyprus, South Korea, and Mexico.

14 Φεβ 2020 13:17

ENGLISH EDITION

7 bln euros of investments to land on Crete

Energy, transport and infrastructure projects, worth seven billion euros, nearly four percent of the country's annual economic output, are on the agenda in projects set to lead the island into the next decade.

06 Φεβ 2020 12:09

ENGLISH EDITION

As Greece invests heavily in natural gas, questions arise over its usefulness

Greece's energy blueprint is dominated by the construction of new pipelines, such as the EastMed project, that will hook the country up with Cyprus and Israel, and the IGB pipeline, connecting Greece with Bulgaria. However, in the US and Europe, discussions have started on how to end the use of natural gas as the fight against global warming picks up.

27 Ιαν 2020 15:22

ENGLISH EDITION

Vinci expands into energy efficiency in Greece, bids for Epirus deal

Vinci does business in energy efficiency, constructions, and other infrastructure projects via its subsidiary Vinci Energies, which reported revenues of 12.6 billion euros in 2018. Almost 30 percent of revenues came from industrial installations, such as building production lines, while another 30 percent came from energy projects. 

22 Ιαν 2020 15:06

ENGLISH EDITION

New electricity interconnection plans in the Aegean and the Eastern Mediterranean on the table

"We are open to discuss proposals to combine the Israel - Cyprus - Greece project with other interconnections, either within Greece or with other countries of the Eastern Mediterranean," Deputy Environment and Energy Minister Gerassimos Thomas said to ANA.

12 Ιαν 2020 20:11

ENGLISH EDITION

BULGARTRANSGAZ buys 20 pct stake in GASTRADE

The Terminal comprises a floating LNG storage and regasification unit (FSRU) and a 28 km pipeline system. The LNG storage capacity of the FSRU will be up to 170,000 cubic metres and the maximum daily regasification capacity 22.7 million c.m.

09 Ιαν 2020 09:42

ENGLISH EDITION

FM Dendias: EastMed pipeline will provide Europe with energy independence

Referring to his trip to Benghazi, he said that "the Greek side believes it should have a clear communication with the leader of the Libyan National Army after its leader had expressed his full disagreement on the memoranda signed by Turkey and the government of Tripoli" on maritime zones in the East Mediterranean.

25 Δεκ 2019 09:51

ENGLISH EDITION

DEPA approves participation in Alexandroupolis FSRU natural gas project 

The natural gas project in Alexandroupolis - including a terminal station for liquid natural gas (LNG) - will open up the market of natural gas to more competition, and is both an EU Project of Common Interest (PCI) for a connected European energy grid and one strongly supported by the United States.

24 Δεκ 2019 10:17

ENGLISH EDITION

Lights quiver on Greece's Fourth Industrial Revolution

Every time there is heavy rain in Mandra, west of Athens, factories close down their machinery, to avoid causing damages to their equipment worth millions of euros, due to the Hellenic Electricity Distribution Network Operator's (HEDNO) dated power network.

20 Δεκ 2019 15:10

ENGLISH EDITION

Greece breaks Russia's dominace in natural gas

A corridor for the transporting of natural gas to Europe will be created with the launching of the Trans Adriatic Pipeline (TAP) at the end of next year and its extension to the Greek-Bulgarian IGB pipeline by the summer of 2021 that will then be extended to Romania and Serbia. This has prompted countries such as Serbia to get in on the action as the country's President Aleksandar Vucic held a two-day visit to Athens this week.

12 Δεκ 2019 15:10