Greece: Distinguishing Reality From Mythology in the Energy Sphere

On the eve of the European Commission’s ruling on the Gazprom antitrust case, Gazprom’s CEO, Alexei Miller, visited the Greek capital for discussions with Prime Minister Tsipras and energy minister Lafazanis. This round of meetings comes just a fortnight after Tsipras’s controversial meeting with Vladimir Putin in Moscow on 8th April. Besides the Greek governments haste to explore alternatives means to alleviate the country’s worsening economic situation; energy has been a dominant theme in the discourse between Greece and Russia. It is no secret that discussions have included the potential for reduction in gas prices (reported to be 16% cut), the privatisation of state owned assets, Russian participation in Greece’s second offshore international licensing round and Turkish Stream’s European interface.

Focus Group(s): Policy and Regulation
South East Mediterranean Security Outlook 2015: Maritime Security and Oil and Gas Facilities Safety

In today’s article we will try to introduce a new military plan for the safety of South East Mediterranean which will involve the whole EU, Greek and Cyprus as EU state members, Israel, Lebanon and of course Egypt.

Focus Group(s): Engineering and Technology
Can the merger between Shell and BG Group affect the Cyprus gas export options, Shell can affect the oil and gas sector of East Mediterranean?

In today’s article we will cover the possibilities if the resent merger between Shell and BG Group can affect the Cyprus gas export options.

First of all to mention that after this merge Shell is very well positioned in East Mediterranean natural gas market because BG Group had many quality assets in Egypt natural gas market.

Focus Group(s): Commercial
Has Greece Been Dealt a Hand of Pocket Rockets or the Hammer?

Greece’s new government has been hinting at pocket rockets or double aces, the best Hold’em poker hand you can hope to have, amid the on-going negotiations over reforms demanded in return for aid from its creditors for some time now. Nevertheless, the Greek government has yet to provide significant indications other than its tiresome rhetoric.

 

Focus Group(s): Policy and Regulation
Greece battles to keep oil and gas players interested

Greece’s decision to stick with its existing licensing model rather than switching to a production-sharing agreement (PSA) has been praised by industry insiders, but high levels of political risk remain a significant barrier to exploration in the financially stricken nation.

Focus Group(s): Engineering and Technology
Gas Flows is South-East Europe: Short-Term and Long-Term Security Concerns

In her analysis of pipelines routes and projects for meeting the demand of countries in the Balkans and South-eastern Europe at the European Gas Conference, Daria Nochevnik, EU Energy Regulatory Affairs and Strategic Analysis Specialist and Deputy Head of the Greek Energy Forum’s Brussels Division, immediately points to some key energy projects: Southern Gas Corridor designed to bring Azeri gas from the Shah Deniz gas field to Europe; the second upgrade phase of the Revithoussa LNG terminal in Greece and the Krk LNG terminal in Croatia; East Mediterranean energy corridor; as well as the interconnectors that enable bi-directional flows of natural gas. Arguably, she says, “those projects gained a new momentum after the cancellation of the South Stream in its original form was announced by Russia in December 2015, and the metamorphosis of the South Stream into the so-called Turkish Stream took place.”

Focus Group(s): Policy and Regulation
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