Greek PM May Seek Sanctions Against Turkey in Gas Row
Greece and Cyprus will push their EU partners to penalize Turkey, including the possible option of sanctions, if Ankara is verified to have started drilling for gas west of Cyprus, Greek Prime Minister Alexis Tsipras said on Sunday.The discovery of lucrative energy reserves in…
Putin says TurkStream Gas Pipeline Could be Extended via Greece
Russian President Vladimir Putin said on Friday that the TurkStream gas pipeline could be extended further into Europe via Greece, as he met Greek Prime Minister Alexis Tsipras in Moscow.The first line of TurkStream, which runs from Russia to Turkey via the Black Sea bed, is intended for Turkish consumption only.
Greece, Israel, Cyprus to Speed up Mediterranean Pipeline Efforts
Greece, Israel and Cyprus said on Thursday they would speed up plans for the development of a pipeline channelling gas to Europe from newly discovered east Mediterranean reserves. European governments and Israel agreed in April to move forward with a Mediterranean pipeline project to carry natural gas from Israel to Europe…
Greece, Partners Sign off Trans-Adriatic Pipeline to Widen Gas Supply
Five countries in south-east Europe formally signed off on the construction of a pipeline which will transport Caspian gas to European markets in an attempt to ease their reliance on Russia. The 870-km (540-mile) Trans-Adriatic Pipeline (TAP) is part of the so-called "Southern…
Israel, Greece and Cyprus Mull Gasline to Europe
Greece, Israel and Cyprus will explore the possibility of building a natural gas pipeline to Europe, tapping huge gas reserves discovered in the eastern Mediterranean in recent years, leaders of the three countries said on Thursday. Israel has reported some of the largest gas…
Greece to Restart Crude Oil Purchases from Iran
Greece's biggest oil refiner Hellenic Petroleum agreed on Friday to buy crude oil from the National Iranian Oil Company (NIOC), the first European refiner to restart trade relations with Iran after the lifting of international sanctions. Hellenic Petroleum was a major buyer of Iranian crude…
Iran Hopes for EU Market Re-entry Through Greece
Iran believes Greece can be a conduit for re-entering Europe's oil market following the lifting of international sanctions, Greece's energy minister said on Friday after meeting Iran's deputy oil minister in Athens. Panos Skourletis said he had held talks with Amir Hossein Zamaninia about Greece restarting oil purchases from Iran.
Greece, Cyprus, Egypt to Speed Up Talks Over Sea Boundaries
Greece, Egypt and Cyprus agreed on Wednesday to speed up talks to demarcate sea boundaries in the Eastern Mediterranean as part of efforts to turn the region into an offshore natural gas hub. Egyptian President Abdel Fattah al-Sisi, Greek Prime Minister Alexis Tsipras and Cypriot…
Oil off 2015 Lows, Stocks Impacted
Oil steadies after slumping to lowest level of the year. A surprise leap in Chinese commodity imports helped steady the ship for oil prices and energy-exposed currencies on Tuesday, although world stocks fell for the second day emerging market bourses hit a two-month low. Investors…
Russia, Greece Agree to Cooperate on Energy
Russian President Vladimir Putin and Greek Prime Minister Alexis Tsipras confirmed their commitment to boost ties, including in energy, in a phone call on Friday, the Kremlin said. Putin also welcomed Tsipras' leftist party's victory in a recently held parliamentary election, the Kremlin added.
Greece to Look at Options for privatising grid unit
Greece will look to alternatives to privatising its power grid operator ADMIE as part of a new bailout deal with its lenders, Energy Minister Panos Skourletis told the weekly Agora newspaper in an interview published on Saturday. "We will follow the path of alternative, equivalent measures…
Oil Tumbles as Iran Nuclear Deal Looms
Iran, big powers said to be on brink of nuclear deal. Oil prices tumbled on Monday as Iran and six world powers closed in on a nuclear deal that would end sanctions on the Islamic Republic and let more Iranian oil on to world markets. News of a unanimous agreement by European leaders on a bailout loan for Athens…
Oil Rises on Greek Deal Hopes
EU welcomes Athens offer to avoid bankruptcy. Oil prices rose towards $64 a barrel on Monday, joining stronger financial markets on speculation that European Union leaders could avert a Greek bankruptcy. Global stocks, the euro and peripheral euro zone bonds all rose on Monday…
Greece, Bulgaria Finalizing IGB Gas Pipeline Deal
Greece and Bulgaria will seal a deal in the coming weeks to build a gas pipeline connecting the two countries, part of the Southern Corridor infrastructure scheme to bring Caspian gas to Europe, two Greek energy ministry officials said on Friday. The Interconnector Greece Bulgaria…
Greek Energy Minister Held Gas Pipeline Talks in Moscow
Greece's energy minister has discussed in Moscow the construction of a pipeline that will transport Russian gas to Europe through its territory, the Greek energy ministry said on Saturday. Cash-strapped Greece has been making overtures to Russia since the leftist government of Alexis Tsipras took power in January.
Greece Hopes for Russian Gas Pipeline Deal Soon
Greece's energy minister said Athens held "constructive" talks with the head of Russian gas giant Gazprom on Tuesday, adding he hoped the two sides would soon reach a deal on a pipeline that will bring Russian gas to Europa via its territory. "The pipeline is of big interest to our country and is among our priorities…
Greece Calls on Chinese Firms to Bid for Oil Quest
Greece invited Chinese firms on Monday to bid in a Greek tender for deep-sea oil and gas exploration later this year after Athens extended the bidding process in March. Greece, which depends on financial aid from the European Union and the International Monetary Fund to stay afloat…
Gazprom Chief Heads to Athens for Energy Talks
The head of Russian gas giant Gazprom Alexei Miller will be in Athens on Tuesday for talks with Greek Prime Minister Alexis Tsipras and Energy Minister Panagiotis Lafazanis, the Greek energy ministry said in a statement on Monday. They are due to discuss "current energy issues of interest," the ministry said.
Russia Denies Report of Gas Deal with Greece
Russia denied on Saturday a German media report suggesting that it could sign a gas pipeline deal with Greece as early as Tuesday which could bring up to five billion euros into Athens' depleted state coffers. German magazine Der Spiegel, citing a senior figure in Greece's ruling Syriza party…
Greece Gas Deal with Russia Soon
Greece is poised to sign a gas deal with Russia as early as Tuesday which could bring 3-5 billion euros into depleted government coffers, German magazine Der Spiegel reported, citing a senior figure in the ruling Syriza party. During a visit to Moscow earlier this month, Greek…
