ELPE reports record EBITDA figure of €834m for 2017


ELPE (Hellenic Petroleum) has posted an adjusted EBITDA figure of €834m (+14%) for 2017, the highest on record, with group refineries improving utilization and operations and achieving a record overperformance vs benchmark margins. The ELPE group, which released its fourth […]


Tender seen for subterranean gas storage unit in the north


The energy ministry and TAIPED, the state privatization fund, are making preliminary  moves leading to an international tender for the development of a subterranean natural gas storage facility in the south Kavala offshore area through utilization of a virtually depleted gas deposit. […]

Gov’t to seek milder PPC market share reduction targets


The energy ministry will seek to soften the main power utility PPC’s bailout-required retail electricity market share […]

PPC lignite units sale plan heading to parliament early March


A draft bill detailing the main power utility PPC’s lignite assets to be placed for sale, […]

EU parliament seeking consumer supplier shifts within 24 hours


European Parliament plans to propose an EU electricity market revision that would enable consumers to switch […]

Lower international prices prompt decline in electricity exports


Latest market data released by LAGIE, the Electricity Market Operator, for January has confirmed a reduced […]