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Energy

Greece, Cyprus and Israel Set to Sign EastMed Pipeline Agreement

The nations of Israel, Greece and Cyprus will sign a trilateral agreement on Thursday which will lay the groundwork for a planned 1,900-kilometer (1,181 mile) gas pipeline connecting Israel’s offshore natural gas fields with Europe. The deal for the Eastern...

American Chambers of Israel, Greece and Cyprus Praise EastMed Act

The American Chambers of Commerce of Israel, Greece and Cyprus recently issued a joint statement following US President Donald Trump's signing of the EastMed Act. The organizations of the three Mediterranean states, which have created a strong strategic partnership in the...

EastMed Pipeline: The Mediterranean Mega-Project That Will Change Europe's Energy Map Forever

It was announced on Sunday that Athens will host the signing ceremony for the groundbreaking agreement for the construction of the ''EastMed Pipeline," which will eventually transport natural gas from Israel, Cyprus and Greece to Italy and on to the rest...

Agreement on ''EastMed'' Pipeline to Be Signed in Athens on January 2

The interstate agreement between Greece, the Republic of Cyprus and Israel about the construction of the ''EastMed'' energy pipeline will be signed in Athens on January 2, it was made public on Sunday. The statement was issued by the Greek...

Greece Plans Massive Investment in Switch to Cleaner Energy

The Greek government approved on Thursday an ambitious plan to switch to cleaner energy hoping to generate investment worth about €44 billion over the next decade. The plan approved by the cabinet showed Greece will try to reduce its carbon...

Construction of Iconic TAP Gas Pipeline Now Complete in Greece

The construction of the Greek section of the iconic Trans Adriatic Pipeline (TAP) has been completed, it was made public on Saturday. The TAP will begin operating on a trial basis as early as this December. It is expected that it...

Greek Parliament Boosts Efforts to Become Energy Efficient, Reduce CO2 Emissions

A two-year plan to improve the energy efficiency of Greece's Parliament building has been put up for bid as of November 15, it was announced on Monday. The Greek Parliament decided to boost its efforts to tackle its own contribution to climate...

Mammoth Natural Gas Deposit Could be Lying Just South of Crete

Geological surveys of the sea area south of Crete have indicated that up to 10 trillion cubic feet of natural gas could be hidden under the sea bed, according to a report in the Greek daily Ta Nea on...

''I Don't Want to Provoke War'' Italian Oil Company Chief Says on Cyprus Drilling

Claudio Descalzi, the Chief Executive of Italy's ENI oil company said on Thursday that he does not want to be the cause of war because of his company's activities off the coast of Cyprus. Speaking at a conference which took...

Greek Foreign Ministry Warns Turkey Over Ankara's Illegal Activities Off Cyprus

The Greek Foreign Ministry issued a statement on Friday afternoon, responding to recent Turkish threats that its drilling vessels will conduct further operations inside the Exclusive Economic Zone (EEZ) of the Republic of Cyprus. ''Turkey's intention to conduct new drilling...