natural gas

The consortium of companies involved in the Trans Adriatic Pipeline (TAP) has officially announced their commitment to constructing the natural gas pipeline which will tap into the Shah Deniz fields in Azerbaijan. The pipeline, which will begin at the Greek border with Turkey and end in Italy via Greece and Albania, is being sponsored by […]

The management of TAIPED has warned that the troika is going to block the competition for the privatization of DEPA, by insisting on abolishing the concession of exclusive rights to a single natural gas supplier. The troika has claimed that this will increase competition and result in a 5% to 10% reduction in the price […]

The Russian Minister of Foreign Affairs Sergey Lavrov will arrive in Athens on Tuesday evening ahead of the European Commissioner for energy Günther Oettinger, who have been invited to discuss a number of matters related to energy. Mr. Lavrov, who will also be present at the celebrations for 185 years since the appointment of Ioannis […]

State natural gas supplier DEPA and Russian power giant Gazprom are expected to negotiate a new price for natural gas by the end of December. If there is no agreement, the two sides will refer to international arbitration. According to a document that PASOK MP Odysseas Konstantinopoulos read in parliament, the negotiations for the price […]

The negotiations between DEPA and Gazprom for reduced prices for the supply of natural gas will be completed by the end of the year. According to a senior officer involved in the negotiations, a deal with the Russian company in October seems likely, indicating that the Wednesday meeting in Moscow was promising. At yesterday’s meeting […]

Representatives from Gazprom are in Athens to negotiate a reduction in the price of Russian natural gas with Greek natural gas provider DEPA, following the preliminary talks that took place in Moscow earlier in the summer. The Greek side requested the reduction in the price of natural gas, after the company’s Deputy Chairman Alexander Medvedev […]

The GEK TERNA group has signed a strategic alliance with Qatar Petroleum International (QPI). The alliance involves investments in Greece and the greater South East Europe. According to the deal, QPI will acquire 25% of the “ERON II” natural gas power plan for 58 million dollars. This is QPI’s first international investment in the energy […]

The Shah Deniz joint venture has officially announced that it has selected the TAP over the Nabucco West proposal for transferring its natural gas to Europe. BP’s regional director for Azerbaijan, Georgia and Turkey Gordon Birrell confirmed the news of the joint venture selecting the pipeline that crosses Greece. The TAP proposal was backed by […]

The host government agreement for the Trans Adriatic Pipeline (TAP) was singed last ngith at the “Grande Bretagne” hotel in down town Athens. The Greek government was represented by the Minister of Finances Yannis Stournaras, the Deputy Minister of the Environment, Energy and Climate Change Makis Papageorgiou and the Trans Adriatic Pipeline by General Manager […]

The decision on the pipeline that will transport natural gas to Europe from the Shah Deniz field will be made on Wednesday and the final announcements expected to take place on Friday, at Baku. The Greek side is confident that the TransAdriatic Pipeline (TAP) will be chosen over the Nabucco West pipeline. This will allow […]

Azeri energy firm SOCAR and privatization fund TAIPED have come to a preliminary agreement on the sale of DESFA’s 66% share, according to SOCAR’s president Rovnag Ibrahim Abdullayev. Mr. Abdullayev commented on the preliminary deal on Reuters and explained that the competition has ended and that negotiations with the Greek government are about to begin. […]

The Ministry of Finances has officially begun its preliminary negotiations over the proposed Trans Adriatic Pipeline (TAP) that will transfer natural gas from Shah Deniz gas field of Azerbaijan to the European market via the Southern Energy Corridor. The Minister of Finances Giannis Stournaras has begun negotiations with representatives from BP and Azerbaijan, as well […]

Gazprom’s Head of the International Business Department Pavel Oderov will be visiting Athens, for the third time in recent times, for the privatization of DEPA. It is likely that the Gazprom representatives will meet with Prime Minister Antonis Samaras to discuss privatization. Further rumors suggest that Deputy Chairman Alexei Miller will also visit Athens. After […]