Greece

Libya's internationally recognized government of national unification has objected Greece's approval for an international tender to explore hydrocarbons off the island Crete. It said that some of the blocks violated its maritime zone. Both countries are trying to repair their strained relations after an agreement signed in 2019 by the Libyan government with Greece's regional competitor Turkey. The accord mapped out a large sea area that they share near the Greek island. Greece opposed the agreement. It said it had no legal foundation, as it was seeking to create an economic zone exclusive from Turkey's southern Mediterranean coast to Libya's...

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...

On Wednesday, wildfires caused either by arsonists, thunderstorms, or a combination of both, fanned along by heatwaves and strong winds, continued to rage in southern Europe, destroying homes, factories, and farms, and forcing thousands of tourists and residents to evacuate. A wildfire that spread through forests, olive groves, and the suburbs of Patras in northern Peloponnese (west of Athens) set fire to a cement plant. The smoke and flames were thick. What does it look? It looks like a doomsday. "May God help us, and help these people," said Giorgos Karavanis. He was a volunteer from Athens who came to...

On Tuesday, tourists and workers sought shade as Greece suffered its third heatwave this summer. High temperatures also gripped the Balkans region and caused wildfires to spread in Albania. Greece, located at the southernmost point of Europe, is known for its hot, dry summers. Climate change has caused heatwaves to be longer and more intense, and also led to destructive floods and fires. Matthew Enos (18-year-old New Orleans visitor) said that he was not prepared for the heatwave in Athens when he first arrived. "It has been tough so far." "Not the best feeling ever," said he. "I've been adapting...

On Tuesday, tourists and workers sought shade as Greece suffered its third heatwave this summer. High temperatures also gripped the Balkans region and caused wildfires to spread in Albania. Greece, located at the southernmost point of Europe, is known for its hot, dry summers. Climate change has caused heatwaves to be longer and more intense, and also led to destructive floods and fires. The labour ministry announced that couriers, food delivery drivers and builders from the greater Athens area and other areas were ordered to stop work between midday and 5 pm, because the mercury could reach as high as...

According to research released by the Athens National Observatory on Wednesday, soil temperatures around Athens have risen in some areas by up to 10 degrees Celsius after large fires destroyed vegetation. Meteo, a unit of the state-supervised institute for research, analyzed high-resolution data from satellites that could record ground surface temperatures in great detail. This tool shows the impact of disasters such as forest fires on a microclimate. The summers in Greece are becoming increasingly hotter and drier, as the winds change rapidly. This leads to more destructive wildfires which are difficult to control. In August last year, Greece experienced...

Firefighters fought a fire on Thursday that burned forests and olive trees and forced more than 1,000 people to evacuate. Meanwhile, another conflagration threatened homes near Athens, underlining Greece's vulnerability. The Greek authorities struggled to control the fires due to gale-force winds, aridity and the early summer heatwave that affected much of Europe. At least eight people died in the region. On Thursday afternoon, another fire broke out near the Athens suburb Pikermi. It threatened many homes and prompted the evacuation of 3 settlements. More than 100 firefighters fought to put it out. The area was engulfed in thick grey...

A marine heatwave in June saw temperatures in the Mediterranean Sea soar, and a Greek scientist warned that some species were under threat. This was likely a period of record highs. Copernicus Marine Service, a service of the EU's Copernicus Climate Change Service, reported that data from Copernicus Climate Change Service showed sea surface temperature on June 22, was more than 5 degrees Celsius higher than the average for this season. It said that the most intense warming of what it called "a marine heatwave" occurred in the western Mediterranean basin. This included the Balearic Sea off Spain and the...

Greek firefighters fought a wildfire on Thursday that spread to houses in the coastal town Palaia Fokaia (40 km south of Athens). The authorities also ordered the evacuation of four seaside villages nearby. Eight aircraft, five helicopters, and 28 vehicles were used to help 90 firefighters in the area around Palaia-Fokaia put out fires caused by strong winds and burning houses. The number of people who had fled their homes in Palaia-Fokaia was not immediately known. The Greek TV showed a helicopter dropping a water bomb as thick grey smoke rose above the area, where temperatures reached 38 Celsius (100...

On Monday, dozens of Greek firefighters battled to contain a wildfire which raged in a dense forest northeast of Athens and forced the authorities to order evacuations. With the help of 17 aircraft and 30 engines 120 firefighters were sent to Ano Souli village, located about 40 kilometers (25 miles), from Athens. Residents of Ano Souli and nearby Marathonas had to evacuate their homes. Greece, located at the southernmost tip of Europe, has experienced frequent floods and wildfires over the past few years. Scientists say that this has been made worse by a rapidly changing climate. The country spent hundreds...

Greece's climate crisis minister announced on Thursday that the country will deploy an unprecedented number of firefighters in anticipation of "bad scenario" scenarios. This comes after a series of destructive wildfires. The World Meteorological Organization said that the weather has become more extreme and erratic due to climate change. 2024 was also the hottest recorded year. The summers in Greece are becoming increasingly hotter and drier, while the winds change rapidly, causing more destructive wildfires. In August last year, Greece experienced its hottest summer ever. A woman was killed and 10,000 acres of land burned in a wildfire which raged...

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...