The European Union’s effort to become further independent of Russian natural gas reinforces the strategic importance of prospecting for fields in Cyprus, the country’s energy minister said. “Europe is a good potential customer for Cypriot natural gas, as the EU has assured that natural gas will be a bridge fuel until 2049 as part of […]
Tag: European Union
Athens will seek an exception from the Commission’s proposal for a horizontal reduction in natural gas use by 15%
By Dimitris Gatsiou Athens will seek the exception of our country from the Commission’s proposal for a horizontal reduction in natural gas use by 15% at tomorrow’s Council of Energy Ministers of the European Union. Tomorrow is a very important meeting, in view of the concern that exists in Europe about energy in the next […]
New historical record of accuracy in the wholesale electricity price
Of Haris Fludopoulos The wholesale electricity price recorded a significant increase for today, reaching a historic high of 466.03 euros/MWh, compared to 426 euros/MWh last Friday. The maximum price reaches the unimaginable heights of 686 euros/MWh and the minimum at 261 euros/MWh, with the demand close to 202 gigawatt hours. In the electricity generation mix, […]
New historical record for accuracy in the wholesale electricity price
Of Haris Fludopoulos The wholesale electricity price recorded a significant increase for today, reaching a historic high of 466.03 euros/MWh, compared to 426 euros/MWh last Friday. The maximum price reaches the unimaginable heights of 686 euros/MWh and the minimum at 261 euros/MWh, with the demand close to 202 gigawatt hours. In the electricity generation mix, […]
The EU is seeking to replace Russian gas with supplies from Nigeria
The European Union is seeking additional natural gas supplies from Nigeria as the bloc prepares for possible cuts in Russian supplies, Matthew Baldwin, deputy director-general of the European Commission’s energy department, said on Saturday, Reuters reported. Baldwin was in Nigeria, where he held meetings with officials from Africa’s biggest oil producer this week. He was […]
EU – Borel: There should be a rapid implementation of the agreement for the export of grain
The European Union welcomes the agreements signed today in Istanbul by Ukraine, Russia, Turkey and the United Nations to unfreeze Ukrainian grain exports, EU High Representative Josep Borrell said in a written statement. He called it “a critical step forward in efforts to overcome global food insecurity caused by Russia’s aggression against Ukraine. Its success […]
Athens says ‘no’ to the Commission’s proposal for natural gas – The powerful alliances and the crucial Council of Ministers of Energy
Of Dimitris Gatsiu “Greece cannot accept the Commission’s proposal for a horizontal reduction of natural gas demand by 15% in all member states”. This is the resounding message that Athens is sending to Brussels, forming together with ten other capitals of the Union, a strong alliance in view of the intense confrontation that is expected […]
Moscow warns that new EU sanctions will hurt the global economy
Russia’s foreign ministry has denounced new sanctions imposed by the European Union on Moscow as “illegal” and warned they would have “catastrophic effects” on security and sectors of the global economy. EU diplomats on Thursday approved a new package of sanctions against Moscow over its invasion of Ukraine, including a ban on Russian gold imports […]
The EU continues to strengthen existing sanctions against Russia
The Council of Ministers approved new measures aimed at strengthening the existing economic sanctions against Russia, perfecting their implementation and enhancing their effectiveness. Today’s “maintenance and alignment” package introduces a new ban on the purchase, import or transfer, directly or indirectly, of gold if it originates in Russia and has been exported from Russia to […]
EU: Additional sanctions against Russia approved
Additional sanctions against Russia were approved. As the Czech presidency reports in a post on Twitter, EU permanent representatives approved the next package of sanctions in response to Russian aggression against Ukraine. The new measures will align the EU with G7 partners, strengthen their implementation and close gaps where needed. The new sanctions include a […]
