Greece

Three sources familiar with the investigation told reporters on Monday that mines set off by timers and attached to ship hulls are likely to have caused the explosions which damaged two crude oil tanks in the Mediterranean Sea between January and February. At least five ships have been damaged. This includes explosions aboard the Greek-managed Seacharm and Seajewel, which were reported last week. These incidents have sparked concerns about a new threat to security in the normally safe waters of Mediterranean. This is at a time when the shipping industry has been dealing with attacks on the busy Red Sea...

ExxonMobil and Qatar Energy on Friday started exploratory drilling for natural gas in a. possibility west of Cyprus, Cyprus President Nikos Christodoulides. stated on X. The east Mediterranean has actually yielded some major gas. discoveries in the last few years, and an interruption in energy products. from Russia after its 2022 intrusion of Ukraine has actually honed. Europe's attention on protecting alternative sources of supply. Cyprus progresses expedition activities, aiming to be an. alternative and trustworthy source of natural gas for the EU,. Christodoulides wrote in his post. He stated drilling at the prospect, called Electra, got. underway on Friday...

U.S. oil manufacturer Chevron has actually revealed an interest in exploring for hydrocarbons in Greece, southwest of the Peloponnese peninsula and as much as the west of the island of Crete, the Greek energy ministry stated on Monday. The ministry added in a statement that it would release a. decision this week on the precise area of exploration and would. launch an international tender soon. It is a very essential advancement, part of our nationwide. method for energy self-reliance and lowering energy expenses, the. ministry said. Chevron did not immediately respond to an ask for comment. The existing research study...

Evangelos Marinakis, a Greek shipping tycoon and owner of English Premier League soccer club Nottingham Forest, was on Thursday implicated of trying to fix a Greek soccer match, in a London libel lawsuit he is bringing over an alleged character assassination in Britain. Marinakis introduced the libel case against Irini Karipidis, chair of Greek Super League club Aris Thessaloniki, and others at London's High Court this year. He declares Karipidis was behind a site containing allegations Marinakis was associated with match fixing, drug smuggling and shipping Russian oil in breach of sanctions, which he highly denies. Marinakis' legal representatives state...

Greece's prime minister has actually asked the EU to urgently respond to skyrocketing power rates in central and eastern Europe, which Athens stated are being worsened by Russian attacks on Ukraine's energy facilities. In a letter to the European Commission, seen , Kyriakos Mitsotakis asked Brussels to develop a bloc-wide regulator with powers to examine energy markets throughout the EU, and urged the Commission to support cross-border facilities projects to move power between countries. Power prices in Greece more than doubled from 60 euros per megawatt hour in April to 130eur/MWh in August, the letter stated. We can not explain...

Greece will extend a. windfall tax on energy companies to support lowincome. pensioners and make COVIDera barrel cut on coffee and taxi. long-term, Prime Minister Kyriakos Mitsotakis stated on Thursday. Greece has actually been battling with a cost-of-living crisis and. despite a financial recovery after a decade of discomfort, incomes are. still below the European Union average, while food rates were. up more than 20% in 2022-2023 from the previous year. I believe it's a relocation of social justice, Mitsotakis stated. during a radio interview, days after he reshuffled his cabinet. following an even worse than anticipated EU vote result....

The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Tuesday: ** Hess Corp shareholders will vote on Chevron's. proposed $53 billion acquisition of the company, after. lots of financiers have actually called for a hold-up in hopes of obtaining a. much better deal for their shares. ** OTE Telecom, Greece's most significant telecoms. operator, remains in talks with West Network Invest for the capacity. sale of its Romanian mobile business, Telekom Romania Mobile, it. stated late on Monday. ** Japan's Asahi Kasei said it used to get. Calliditas Therapeutics for about 11.8 billion. Swedish crowns ($...

Houthi militants in Yemen have actually stepped up attacks on vessels in the Red Sea, impacting a shipping route important to eastwest trade. Some shipping companies have actually responded by instructing vessels to sail around southern Africa instead, a longer and for that reason more pricey route. Below are actions taken by business (in alphabetical order): C.H. ROBINSON The international logistics group stated on Dec. 22 it had actually rerouted more than 25 vessels around Africa over the previous week, and that number was likely to grow. CMA CGM The French shipping group has suspended most Red Sea trips however...

The timeline for a. proposed pipeline linking East Mediterranean gas reserves to. Greece by means of Cyprus and Crete remains unpredictable as stakeholders. are evaluating its economic feasibility, delegates from Cyprus. and the East Mediterranean Gas Forum (EMGF) informed on. Friday. There is no concrete timeline right now, George. Papanastasiou, energy minister of Cyprus, told when. asked about a Last Financial Investment Decision (FID) on the so-called. EastMed task. Greece, Cyprus and Israel inked a handle 2020 to construct a. 2,000-kilometer (1,240-mile) subsea pipeline to move gas. from the eastern Mediterranean to Europe. FID on the job, which is approximated...

Moldova's domestic gas provider Energocom stated it will supply its consumers with test volumes of U.S.origin liquefied gas (LNG) for the very first time on Monday and Tuesday. Moldova relied practically solely on Russian gas under an offer with statecontrolled Gazprom but stepped up diversity efforts following Moscow's fullscale invasion of neighbouring Ukraine 2 years back. Energocom said in a declaration that it will buy LNG from the Alexandroupolis floating terminal in cooperation with Greek state-controlled business DEPA Commercial. On Monday and Tuesday, we will acquire 14,000 MWh of gas each day at the port of Alexandroupolis. There are about...

The Greekflagged bulker Sea Champ got here in the southern Yemeni port of Aden on Tuesday after being attacked in the Red Sea in what appeared to have been an incorrect missile strike by the Houthi militia, sources said. Delivering risks are intensifying due to repeated drone and missile strikes in the Red Sea and Bab al-Mandab Strait by the Iran-aligned Houthis considering that November. U.S. and British forces have actually reacted with a number of attacks on Houthi centers but have actually so far stopped working to halt the attacks. The Sea Champion, which was taking grain from Argentina...

The Bulgarian prime minister Rosen Zhelyazkov announced on Thursday that his government is seeking an interim agreement to resolve the impasse with Greece over an expired water contract which has led to protests from Greek farmers. According to a reparations agreement signed between the two countries in 1964, water from the mountains of Bulgaria has been flowing freely down the Arda river into the Evros Plain, a 50,000-acre (20,000-hectare) plain located in northern Greece. The agreement expired in July last year, alarming Greek Farmers who depended on it to maintain their crops. In recent weeks, they set up tractor blocksades...

Downpours flooded homes, companies and roadways in the popular Greek tourist island of Rhodes on Sunday, requiring authorities to temporarily prohibit the use of lorries as Storm Bora pounded the nation for a second day. On Saturday, a guy died in flash floods which struck another Greek island in the northern Aegean. The fire service received more than 650 calls to pump water out of flooded buildings on Rhodes island and left 80 people to much safer ground, with the city of Ialysos struck the hardest. No injuries were reported. Cars and particles were piled up high in the flooded...

Greece signed a handle the European Commission and the European Investment Bank (EIB) on Thursday to set up a fund that will help its tourismreliant islands wean off fossil fuel and lower power expenses, the Greek government said. Greek Prime Minister Kyriakos Mitsotakis fulfilled EIB's Chair Nadia Calviño on Thursday. Mitsotakis then went to a ceremony for the signing of the agreement on the island of Naxos. Most of Greece's rocky and sun-drenched islands in the Aegean and the Ionian Sea in southern Europe depend on costly oil-fired stations to generate electricity that periodically break down when demand peaks with...

Europe is a global leader in the green shift however also needs to ensure there are more resources to tackle the impact of unmatched environment shocks, Greek Prime Minister Kyriakos Mitsotakis stated on Wednesday. The world's biggest economies have actually pledged to transition to net-zero carbon emissions energy systems by 2050. We can not focus a lot on 2050 that we forget 2024, Mitsotakis informed the United Nations COP29 climate top in Baku. We require more resources to prepare to respond in time, in order to conserve lives and livelihoods and to assist people and communities restore after catastrophe. With...

When Anastasios Zakalkas pulled up the ropes of his mussel farm in the Aegean Sea last month, the destruction was clear: the lines were not heaving with molluscs as they need to be at harvest however were instead filled with cracked, empty shells. It is the second time in 3 years that tape sea temperature levels have actually hit the mussel harvest in northern Greece, where farmers said they saw a 90% drop in the 2024 catch. Next year will be a dud too, Zakalkas said, because all the seed for the coming season likewise perished. The destruction we suffered...

At least 2 people died as wildfires raged in central and northern Portugal on Monday, forcing authorities to evacuate villages, close motorways and ask the European Union to send more water-bombing airplane. The circumstance was most harmful in the northwestern Aveiro district where one forest blaze reached the borders of the town of Albergaria-a-Velha and burned numerous houses, the mayor said. More than 1,100 firefighters were battling that fire and three others in the surrounding location. Cops shut a stretch of the main highway in between Lisbon and Porto as thick smoke blanketed the location. Authorities stated officers had actually...

Greece stated on Tuesday it would provide emergency situation compensation totalling countless euros to hundreds of households and companies affected by a blaze that killed one lady and torched 10,000 hectares near Athens. The blaze started on Aug. 11 near the town of Varnavas, 35 km ( 22 miles) from the capital, and within a day reached the city's. northern residential areas on the slopes of Mount Penteli, among the last. forests near Athens. Assessments so far have actually identified some 146 houses significantly. harmed, with 31 services likewise affected. Authorities will provide to 150,000 euros ($ 166,650) to. homes,...

Private investigators presume a. defective power cable television might have caused Greece's worst wildfire this. year, said sources close to a probe over the blaze that killed. one woman and torched 10,000 hectares near Athens, covering a. total location about the size of Paris. The blaze, which started on Aug. 11, broke out from a forest. off Varnavas town, 35 km (22 miles) from the capital and into. Athens' northern suburbs, a few of which had actually never seen a. wildfire before, within a day. Authorities have actually questioned Varnavas citizens as part of. their investigation into what caused the...

Raba Peci never ever desired cooling the cold air made individuals sick, she thought. Then this year a string of heatwaves in her town of Mitrovica in northern Kosovo lastly changed her mind. This summer season is very hot and intolerable and that's why we chosen to buy one now, she said as she prepared Turkish coffee for two employees who were installing a new system in her home. Her next door neighbour currently had two put in. Numerous in the Balkans area of main Europe have long mistrusted synthetic cooling techniques. In some locations, far from the traveler locations,...

Vangelis Ilias was returning from vacation on Monday when pals contacted us to tell him the unthinkable. A wildfire in forests north of Athens had suddenly came down on his residential area and was approaching his sculpture workshop. Minutes later, the 55-year-old's store on a plot between storage facilities, fields and a wood seller in Vrilissia, 10 km (6. miles) from the city centre, had been devoured by Greece's worst. fire this year. Like numerous in Vrilissia, Ilias was surprised. When he started. his company there two years back, he never ever believed wildfires. would reach so close. Standing at...

Greece's worst wildfire of the year killed one woman and continued to burn on the borders of the capital Athens on Tuesday, although lighter winds and firefighting efforts helped in reducing its intensity, authorities stated. Numerous firemens backed by six waterbombing aircraft battled the blaze that broke out on Sunday near the town of Varnavas 35 km (20 miles) north of Athens. Stoked by gale-force winds, the blaze jumped from a wooded, hilly location into the suburban areas on Monday, torching homes and stirring panic in neighbourhoods that had not seen such a fire so close to the centre in...

Residents fled their homes in the town of Varnava near Greece's capital Athens on Sunday as fire teams struggled to consist of a fastmoving wildfire fuelled by hot, windy weather condition. More than 250 firefighters backed by 12 water-bombing airplanes and seven helicopters battled the blaze that broke out at 3 p.m. and quickly reached the town some 35 km north of Athens. By late afternoon, a thick cloud of brown smoke hovered over. parts of the capital. Authorities sent out evacuation alerts for 5 nearby areas. The fire got in the village within 10 minutes. The winds. were very...