SMP level rising, wholesale market structure changing

17/08/2018

Day-ahead market prices in Greece have risen and competition between lignite and gas-fired power stations has intensified amid the unusually hot weather conditions around Europe, pressuring markets to adjust. Over the past week, prices in the day-ahead market, the main […]

Gas, Oil

US drillship in Cyprus may reignite Greek-Turkish tension

17/08/2018

US energy giant ExxonMobil plans to conduct its first offshore drilling venture at block 12 in Cyprus’s Exclusive Economic Zone (EEZ) within the next few weeks as part of its hydrocarbon exploration effort in the region, sparking fears of renewed […]

Gas

Energean gas resources in Israel 40 times the size of annual Greek needs

17/08/2018

The 212 billion cubic meters (bcm) of recoverable prospective natural gas resources included in an updated […]

Gas, Oil

Energean’s Israeli reserves, resources increase significantly

16/08/2018

An updated Competent Persons Report (CPR) for the Israeli portfolio of Energean Oil and Gas, the […]

Oil

Fuel price ceiling decision deferred for at least a week

14/08/2018

The Ministry of Economy and Development, unsure as to whether it should adopt a RAE (Regulatory […]

Ministry responds to geothermal energy impact concerns

14/08/2018

Thirty of thirty-two geothermal fields discovered in Greece so far may be utilized to greatly support […]