Of Haris Fludopoulos The installation of the new floating liquefied natural gas storage facility FSU, which was inspected yesterday by the competent Minister of Environment and Energy, K. Skrekas, makes possible the reception of more cargoes of liquefied natural gas as well as the increase of temporary LNG storage time. The project will start operating […]
Tag: natural gas
Gazprom: ‘Impossible’ to receive the Nord Stream turbine due to sanctions
The standoff over the delivery of the Nord Stream gas pipeline turbine continues unabated, as just hours after Solz said the component was ready with the necessary documents to return to Russia, Gazprom argued that Western sanctions made it impossible its receipt. In particular, in a statement the state-controlled Russian energy giant states that “the […]
K. Skrekas: The new floating tank in Revythoussa decisively strengthens the adequacy of natural gas supply
The Minister of Environment and Energy, Kostas Skrekas visited today, August 3, 2022, DESFA’s liquefied natural gas (LNG) regasification terminal in Revythoussa and inspected the new floating tank (FSU). On the visit, he was accompanied by the Deputy Minister of Environment and Energy, Giorgos Amyras, the General Secretary of Energy and Mineral Raw Materials, Alexandra […]
Germany: At 69% the completeness of natural gas reserves
Germany’s natural gas tanks are 69% full ahead of winter, while German households are already saving energy. Providers, however, are preparing to pass on the increased costs to their customers. According to the head of the Federal Network Agency Klaus Müller, natural gas storage has reached 69%, despite the much reduced volume that Russia is […]
Instigator of ‘Blue Homeland’: ‘Let’s conduct surveys with the Turkish Cypriot flag on the demarcation line of the EEZ with Libya’
The initiator of the Blue Homeland and the Turkish-Libyan memorandum, retired Turkish admiral and former leader of the Turkish GEN Jihad Yayci, proposes that the Turkish drilling rigs drill on behalf of the Turkish Cypriots. “Let’s send the drilling rigs close to the EEZ demarcation agreement line with Libya and let them fly the flag […]
The government’s plan to boost energy-intensive industry
By Haris Fludopoulos The agreement reached by the energy ministers of the E.U. for the reduction of natural gas consumption by 15% includes an explicit exception for the power generation sector, in case the stability of the electrical system is threatened, however there is no corresponding provision for the country’s industry. This means in practice […]
Dm. Peskov: Russia can contribute little to the repair of Nord Stream 1
Russia can contribute very little to the urgent repairs required by the Nord Stream 1 gas pipeline equipment, Kremlin spokesman Dmitry Peskov said on Monday. Russia cut gas supplies through the pipeline, which is the main route for Russian gas to Europe, to just 20% of capacity last week, noting that a turbine sent to […]
Bloomberg: Germany has 3 months to avoid gas crisis
We may still be in the middle of summer, but for Germany the countdown has begun to avert an unprecedented – for a developed nation – energy crisis ahead of the coming winter. Most European states are feeling the pressure from cuts in Russian gas supplies, but no other country is more exposed than Europe’s […]
The CEO of Deutsche Bank states that the German economy can withstand the energy crisis
Germany’s economy is extremely resilient and more than capable of withstanding the effects of a cut in gas supplies from Russia, according to Deutsche Bank’s chief executive. Although a complete stoppage of Russian gas deliveries would cause a recession, Europe’s biggest economy can deal with the effects “no matter how bad things get,” Christian Scheving […]
Bloomberg: The gas crisis is now at the top of the long list of risks for European investors
Just as the series of economic challenges that have dogged investors this year seemed to have been figured out by financial markets, a spiraling energy crisis in Europe is threatening to give another jolt to the books of equity investors, Bloomberg reports. Concern is now focused on Russia’s stranglehold on European gas supplies, with flows […]
