Calamos Supports Greece

natural gas

First Eastern Mediterranean Energy Leadership Summit Slated for This October in Athens

An American think tank and a Greek university are joining forces to shed light on global  energy resource investments in the Eastern Mediterranean, and especially in Greece, this October in Athens. The first annual Eastern Mediterranean Energy Leadership Summit will...

Foreign Minister Nikos Dendias to Visit Washington, Meet With Mike Pompeo

The new Greek Foreign Minister Nikos Dendias will go to Washington DC on Wednesday to meet with his counterpart in the US State Department Mike Pompeo and other senior American officials. The visit was not originally on the official schedule,...

Greece Vows to Impose Strict Environmental Criteria for Drilling Off Crete

Greece is set to impose strict environmental criteria for oil and gas drilling off Crete, high-ranking officials assured the public following Thursday's agreement with multiple petroleum companies to research and exploit natural resources there. Prime Minister Alexis Tsipras assured reporters...

Premier Tsipras Announces US' ExxonMobil to Conduct Exploration South of Crete

Greek Premier Alexis Tsipras announced on Friday that the Greek government and the American Energy giant ExxonMobil will sign an agreement regarding energy exploration and drilling next week. Speaking to journalists in Brussels following the two-day European Council Summit, Tsipras...

Energy Minister Announces Cyprus Will Earn $9.4 Billion From ''Aphrodite'' Deposit

George Lakkotrypis, the Energy Minister for Cyprus, announced on Wednesday that Cypriot authorities have signed a preliminary agreement with energy companies Shell, Delek and Noble, which will be extracting natural gas and oil from the deposit dubbed ''Aphrodite.'' Lakkotrypis explained that the...

PM Tsipras Visits Greek-Bulgarian Border to Launch New Gas Pipeline

Greek Prime Minister Alexis Tsipras visited the Greek-Bulgarian border, at the village of Kirkovo on Wednesday, to attend a ceremony for the launching of the construction of a new gas pipeline. The new pipeline will be called "Gas Interconnector...

Greece's DEPA to Begin Selling Natural Gas to Bulgaria

Greek energy provider DEPA on Tuesday became the first Western company to strike a deal with Bulgaria’s state-owned Bulgargaz to provide natural gas to the country. This is the first time Bulgaria has ever bought gas from another provider outside its long-term...

Environmental Organization Warns of Risks in Greek Plans to Drill Off Crete

The Greek office of the World Wildlife Fund (WWF Hellas) issued a statement on Wednesday warning of ''huge environmental and economic risks to the detriment of Crete and the rest of Greece.'' The remarks came as Greek authorities are proceeding...

Natural Gas Deposits in Cyprus' EEZ Alters Balance in East Mediterranean

This week's announcement of the discovery of a natural gas field containing 5 to 8 trillion cubic feet of the resource, in plot 10 of Cyprus' Exclusive Economic Zone (EEZ), has been nothing short of explosive. The news of the major discovery...

US Exxon Mobil Announces Huge Natural Gas Discovery Off Cyprus

The American Energy Company Exxon Mobil announced on Thursday afternoon that after a series of exploratory drillings, they have discovered large quantities of natural gas off the coast of Cyprus. The discovery was made at the well named ''Glaucus 1,''...