Greece

Greece revisits wholesale power surge despite no evidence of manipulation

This renewed scrutiny comes despite an earlier investigation by RAAEY, which did not find evidence of market manipulation or improper bidding. However, in light of ACER’s findings, the regulator will review market activity from June to September 2024, with a particular focus on days of extreme volatility. One of the key dates under examination is […]

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Region: Romania, Greece sign MoU to boost LNG supply and regional energy integration

At the Partnership for Transatlantic Energy Cooperation 2025 (P-TEC 2025) forum in Athens, Romanian Nova Power & Gas, Transgaz, and Greek Atlantic-See LNG Trade signed a memorandum of understanding to enhance cooperation on liquefied natural gas (LNG) supply and regional energy diversification. The agreement aims to establish joint procurement mechanisms that will reduce reliance on

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EU regulator urges Greece to probe possible market manipulation by power producers

The European Union Agency for the Cooperation of Energy Regulators (ACER) has urged Greece to investigate whether electricity producers intentionally withheld generation capacity during the summer of 2024 to influence market prices. The agency also called for greater data transparency to improve monitoring and prevent potential market abuse. According to ACER’s analysis, generation behavior played

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Greece signs €25 billion LNG deal with US Venture Global to strengthen regional energy security

Greek state energy company DEPA and construction giant Aktor have signed a 20-year, €25 billion contract with US producer Venture Global to import up to 4 billion cubic meters of LNG annually starting 1 January 2030. The agreement, concluded through their joint venture Atlantic-See LNG Trade during the 6th Transatlantic Energy Cooperation Summit in Athens,

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Greece: ExxonMobil, Energean and Helleniq launch new offshore exploration phase in Ionian Sea

A new stage in Greece’s offshore energy exploration has begun as ExxonMobil, Energean, and Helleniq Energy signed a farm-in agreement granting them joint ownership of 60% in Block 2 of the Ionian Sea, located northwest of Corfu. The signing took place in Athens during the Partnership for Transatlantic Energy Cooperation (P-TEC) meetings. The exploration plan

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Greece boosts regional energy role with €134 million Komotini gas compression station

Greece is preparing to launch a new natural gas compression station in Komotini, northern Greece, marking a significant milestone in its strategy to strengthen its role as an energy hub for southeastern Europe. The €134 million investment will substantially increase the country’s capacity to export natural gas northward, reinforcing the regional energy corridor that links

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Greece: Alexandroupoli LNG terminal reaches record regasification capacity after technical recovery

Gastrade has announced a new operational milestone for the Alexandroupoli LNG terminal, with its maximum daily regasification capacity increasing to 136.2 GWh as of October 21. This marks a significant rise from the 90.8 GWh per day recorded in mid-September. The terminal resumed full operations in August following a seven-month shutdown caused by a technical

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EU gas phase-out puts Greece at the center of Europe’s new energy map – but exposes storage weaknesses

The European Union’s plan to end Russian gas imports by 2027 presents Greece with both major opportunities and serious challenges. On the positive side, the country’s expanding liquefied natural gas (LNG) infrastructure — anchored by the Revythoussa terminal near Athens and the Alexandroupoli floating storage and regasification unit (FSRU) — is positioning Greece as a

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Region: Greece and Italy advance GRITA2 project to triple cross-border electricity capacity

Greece and Italy have advanced plans for their second electricity interconnection, GRITA2, following the inaugural meeting of the Steering and Governance Committee in Rome last week. The two transmission system operators, ADMIE and Terna, have already made substantial progress. GRITA2 has completed feasibility studies and has been included in ENTSO-E’s Ten-Year Network Development Plan. The

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Greece: DESFA launches tender for pipeline linking Alexandroupoli gas plant to national network

The Greek natural gas transmission system operator DESFA has announced a tender worth 1.22 million euros for the supply of steel pipes needed to construct a new pipeline that will connect the planned Alexandroupoli gas-fired power plant to the national gas network. The 840 MW combined-cycle facility, scheduled to begin operations in 2027, is being

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