Young and Talented Greeks rebrand Greece - Interview with the Vice President of the GEF

“Let our energy shape a brighter future”

Dr. Angelos Gkanoutas Leventis is another high- skilled, young Greek professional who left Greece at the age 18 to “discover” the world of economics of the oil market. Holding the position of a Fellow in the CITYPERC Research Centre (City University, London) on the energy and hydrocarbon markets research and being part of the commercial management team in BP, he is the founder and Vice- Chairman of Greek Energy Forum (GEF), an exclusive group of energy professionals sharing common interest in the broader energy industry in Greece and Southeastern Europe. The members of the GEF originate from a wide spectrum of energy-related backgrounds, benefiting the Greek Energy Forum with a multi-disciplinary skillset and a holistic approach of the energy sector.

Focus Group(s): Engineering and Technology, Commercial, Power Markets, Policy and Regulation, Trading and Shipping
Financing Gas Projects in the Eastern Mediterranean

In this paper, the authors provide a detailed assessment of the factors that influence investment in gas and related infrastructure projects worldwide with a focus on the Eastern Mediterranean. They examine the relative merits of project finance and corporate finance for the development of offshore gas resources and for bringing the gas to market. In this analysis, they draw lessons from experience around the world and from the track record of the companies involved in exploration and production in the Eastern Mediterranean. 

Focus Group(s): Commercial
Greek LNG As A Strategic Priority, Not A Conditional One

 “A well-connected EU energy market where energy flows freely across borders and no Member State remains isolated from the EU energy networks is a pre-condition for creating a resilient Energy Union with a forward-looking climate policy.” 

These were the words used by the European Commission in the opening statement of the press release published following the meeting of the Central Eastern and South-Eastern European Gas Connectivity High Level Working Group (CESEC) meeting which took place in Dubrovnik on the 10th of July.

Focus Group(s): Policy and Regulation
The Greek Energy Forum: Industry Professionals Driving Change

The economic and social hardships of the past years of crisis, as well as the recent political changes in Greece have undoubtedly been under the spotlight in Europe and beyond. While the opinions regarding both the causes and solutions to the economic challenges faced by the country vary, one thing is certain: the publicity around the Greek crisis proved to have a strong impact on country’s image vis-à-vis the international business community.

Indeed, currently the perceived financial perplexities together with the political uncertainties – exacerbated by the speculations in the media – impair the investment climate in Greece; as profitability and, even feasibility, of entrepreneurial activities in the country are put in question. At the same time, the impact of the real challenges is never one-dimensional, as any crisis brings out the best in true leaders.

Focus Group(s): Engineering and Technology, Commercial, Policy and Regulation, Power Markets, Trading and Shipping
Open Letter to the Greek Government: Toward a Better Energy Future

In light of ongoing events in Greece the Greek Energy Forum, a network of Greek energy professionals, has issued an open letter to the Prime Minister of Greece and the relevant Ministers with a set of strategic priorities in the field of energy in the country, identified by the industry experts. The GEF remains open for cooperation with the current Greek Government in pursue of a better energy future for Greece and the European Union.

Focus Group(s): Engineering and Technology, Commercial, Policy and Regulation, Power Markets, Trading and Shipping
Forget The Energy Union In Case Of Grexit

The economic situation in Greece and the geopolitical complexities in the Mediterranean are likely to outshine any effort to increase energy security in Europe. And, in a sense, that is obvious. An eventual GRexit would have knock-on effects on energy projects, regional balances and climate change too. The entire Energy Union vision could be undermined in its infancy, less than a semester after it was presented to the public. 

Along with a clear intervention of a person with knowledge of the facts who said that Israel’s Leviathan field will “not be developed in the foreseeable future,” the GRexit was the most important point touched by experts during a conference organised Wednesday by the German Marshall Fund of the United States, Greek Energy Forum, and Natural Gas Europe. Greece is indeed under the spotlight in several sectors, energy included. 

Focus Group(s): Policy and Regulation
Greek ‘no’ vote will not delay bid round

Other upstream work also unaffected by economic turmoil

Nicosia, Cyprus—The closing date for Greece’s second international offshore licensing round will not be extended beyond its July 14 deadline despite the economic turmoil that continues to engulf the country, an official from the energy ministry in Athens said Monday.

It had been thought that as fallout from a national referendum on Sunday concerning further austerity measures and Greece’s questionable future in the Eurozone, the government might extend the bidding period in order not to jeopardize the interests of international oil companies in bidding on 20 offshore blocks.

Focus Group(s): Commercial
The next Greek crisis: gas shortages

The fiscal standoff threatens to limit the supply of oil and gas into the country.

Focus Group(s): Commercial
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