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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
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
