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14
Mar 2026
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Heating allowance increase: Higher amounts for those who choose electricity, with repayment based on temperatures

According to some reports, the maximum benefit may increase to €1,200 (from €1,000 last year), while around 1.3 million beneficiaries will share out subsidies totalling €250 million

Strong indications of a large deposit southwest of Crete – The drilling rig is expected to start its work by spring

If confirmed by the ExxonMobil - Helleniq Energy consortium, it will be the largest natural gas field in the Mediterranean, 30 trillion feet, capable of generating €10 billion per year in revenues for Greece for a century

Cyprus: Talks with Israel for €1.3 billion gas from Energean

The contract will have a duration of 10 years and the gas will come via pipeline from the Israeli Karish and Tanin rigs to Cyprus

Mitsotakis and Christoudoulides briefed Macron on the progress of the Great Sea Interconnector

The Greek Prime Minister & the Cypriot President met with the French President on the sidelines of the 79th UN General Assembly in New York

Ukraine: agrees to transit gas from Azerbaijan to Europe after the end of the agreement with Gazprom

Ukraine's gas transit agreement with Gazprom is due to expire at the end of the year and Kiev has said it does not want to renew it amid the war

Von der Leyen’s response to Mitsotakis’ letter: The objective is to bring down energy prices in Europe

The President of the Commission referred to the priorities of the new European Commission following the Prime Minister's letter on electricity prices

The “black box” of electricity bill increases – Common front by Greece, Bulgaria, Romania, Hungary

The European energy model has once again proved to be not working well

Financial Times: Mitsotakis’ letter to von der Leyen – Calls for European solution to energy market distortions

The prime minister notes that the dysfunctions in the European market have resulted in sudden and significant price increases, urging Brussels to provide an immediate "political response" to the "prolonged crisis."

Today’s meeting in Nicosia on the electricity interconnection was also unsuccessful – Consultations continue

The meeting lasted five hours and was attended by the President of Cyprus, Nikos Christodoulides

USA: “The electrical interconnection with Greece is a great opportunity for Cyprus” – Multilateral meeting in Nicosia

The meeting, chaired by Christodoulides, includes the participation of the Ministers of Energy of Greece & Cyprus, representatives from the EC, the Independent Power Transmission Operator of Greece & NEXANS

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