Σάββατο 25 Νοεμβρίου 2017
Logo ΙΒΛΙΟΘΗΚΗ ΠΑΝΕΠΙΣΤΗΜΙΟΥ ΠΕΙΡΑΙΩΣ Απαραίτητη για κάθε φοιτητή που διψάει για γνώση...

«Αλλά κάτεχε ότι μονάχα κείνος που παλεύει με σκοτάδι μέσα του θάχει μεθαύριο μερτικό δικό του στον ήλιο.»
- Οδυσσέας Ελύτης, Άξιον Εστί

Increase Font Decrease Font Default Font

libeditor's picture
Greek Energy Forum Newsletter, 16th October 2017

 

Thumbnail _newsletter -header2


Greek Energy Forum Newsletter, 16th October 2017

Greek refiners have survived eight years of domestic economic crisis in large part because they were able to export their products (mainly diesel) instead of relying exclusively on the domestic market for sales growth. But competition is about to heat up in the East Med refining sector, with a new refinery set to start-up in Turkey by September next year (see below).

It is crucial, therefore, that Hellenic Petroleum and Motor Oil remain flexible and ready to adapt to new market conditions. Already HELPE is rumoured to be looking into importing US tight oil, which would represent the first-ever US crude oil shipments to Greece.

More Greece-US cooperation could emerge in the LNG import sector as a yet-to-be-named US company is reportedly interested in participating in the planned Alexandroupolis FSRU project in northern Greece.

On the Greek power sector, the energy minister Stathakis is mulling the inclusion of Amynteo in PPC's sale package even though recent reports indicated that Greek officials have agreed with Brussels to swap Amynteo with Megalopoli. The sale package has attracted buying interest from Asian and Eastern European investors.

In renewables, a Greek plan for RES auctions has been approved by the European Commission and is nearing the implementation stage. The plan covers a three-year period from 2018 to 2020 and, according to the proposal, it will offer at least 100 MW annually for photovoltaic investors and another 100 MW for the wind energy sub-sector. Neutral pilot auctions for a total of 400 MW are also being discussed for 2019-2020.

Thumbnail _policy -&-regulation

Policy & Regulation

Ministers attach ‘strict conditions’ to EU’s carbon safety reserve

Following a meeting of the EU-28 environment ministers, the Council of Ministers announced that the carbon safety reserve will be accessible only to countries that reach their 2030 greenhouse gas reduction targets early. (euractiv)

Small portion of public funds dedicated to upgrading buildings in Central, Eastern and South-Eastern Europe

Of the public funds that could be used to support energy-efficiency investments in central, eastern and southeast Europe, only 3% is dedicated to upgrading buildings. The Buildings Performance Institute Europe (BPIE) stated that the current allocation of EU and international funds proves that buildings are not considered to be critical energy infrastructure. (balkangreenenergynews)

Thumbnail _oil -&-gas -header

Oil & Gas

Star product supplies seen in September 2018

First product will be shipped from Azerbaijan state-controlled Socar's 200,000 b/d Star refinery in Turkey in September next year. Construction of the new plant is 99pc complete with commissioning work and testing underway. Initial crude processing could begin "as soon as April" 2018. Most product will go to the Turkish market, which is a net importer of oil products. Star will not produce gasoline as demand for the product is limited in Turkey, but it will produce 1.1mn t/yr of reformate, which will be exported initially. (Argus)

Two extra partners, including US firm, joining FSRU plan for Alexandroupoli

Negotiations for the entry of two more stakeholders into the three-member consortium developping a floating LNG terminal (FSRU) in Alexandroupoli, northeastern Greece, have reached an advanced stage. BEH (Bulgarian Energy Holdings) and an unnamed US company are the two new firms currently negotiating their involment in the project. The Alexandroupoli project plan was initiated by Gastrade, a member of the Copelouzos group, before Gaslog, an international LNG carrier operator headed by Peter Livanos, and, most recently, DEPA, the Public Gas Corporation, also joined in. (energypress)

ELPE close to US shale oil deal, company chief to visit US

Hellenic Petroleum (ELPE) is reportedly in advanced talks with US oil companies for the purchase of US shale oil. A planned trip to the US by ELPE managing director, Grigoris Stergioulis, will coincide with a US visit by Greek Prime Minister Alexis Tsipras, scheduled to meet with US president Donald Trump. (energypress)

Thumbnail _power -market

Power Markets

Surcharge cost, 15% discount prompt PPC operating loss

PPC announced a €148.5m operating loss at the end of September this was the result of the exclusion of supplier surcharges and a 15% discount offered to punctual bill payers that costed the utility a total of €500m. (energypress)

Minister moving to re-table Amynteo for PPC sale inclusion

Greek energy minister Stathakis is believed to move towards the inclusion of Amynteo in the utility’s sale package even though recent reports indicated that Greek officials have agreed with Brussels in swapping Amynteo with Megalopoli. The sale package has attracted buying interest from Asian and Eastern European investors (energypress)

Brussels warming to PPC’s confidence over units’ sale plan

The European Commission appears to be in favour of the Greek government’s confidence over the success of an upcoming market test measuring the level of investor interest for a bailout – required sale package of main power utility units. By October 15, a final decision on the package’s content is expected to be reached. (energypress)

Suppliers to face limited NOME restrictions at next auction

RAE is going to impose restrictions on the amount electricity suppliers can buy through auctions, starting from the next auction on Oct 25. These will be based on the size of their domestic customer base. Moreover suppliers will need to have sold 30% of the NOME purchased volume to the local electricity market in order to be allowed to participate in the auction. This will rise to 80% in the upcoming auctions. (energypress)

Thumbnail _renewables

Renewables

European Commission endorses RES auction plan

A Greek plan for RES auctions has been approved by the European Commission and is nearing the implementation stage. The plan covers a three-year period from 2018 to 2020 and, according to the proposal, it will offer at least 100 MW annually for photovoltaic investors and another 100 MW for the wind energy sub-sector. Neutral pilot auctions for a total of 400 MW are also being discussed for the period 2019-2020, including both solar and wind energy projects. Despite the approval, Greece’s energy ministry has yet to finalise the number of rounds of auctions to be staged and their terms. (energypress)

RES player Volterra entering low-voltage power supply market

Independent electricity supplier Volterra is seeking to boost its renewable energy profile by investing a total RES capacity of 150-MW within the next three years. The development of a 16-MW wind farm in northwestern Greece, expected to begin operations next April, is now in progress, with another 54-MW wind farm planned to follow. But Volterra is currently focused on preliminary work concerning their most ambitious project, the development of a 108-MW wind farm project on the north Aegean island of Samothrace. (energypress)

Enel wind farm project in Evia, Greece, strained by court’s temporary suspension

Construction for Enel’s wind farm in Evia, Greece’s second largest island, was interrupted on 11 August from the Supreme Administrative Court, which following a legal case filed by local residents and an environmental group, issued a ruling to temporarily suspend all work on the project. The €300 million investment was scheduled to be completed in the first half of 2019, but now has to be paused for at least two months until the ruling is delivered. If finalized, it will represent Greece’s biggest wind farm possessing an annual production capacity of 483 GWh and will cover the electricity needs of 129,000 households. (energypress), (energypress)

Thumbnail Shipping Transportation

Shipping

Diana Containerships Announces Agreement to Sell Up to Seven Vessels

Diana Containerships revealed that it came into an agreement to sell seven vessels for up to $104 million.The sale is anticipated to be completed by the end of Q1 2018 and net proceeds will be used by the company in order to repay its debt. (Hellenic Shipping News)

Euroseas Announces Delivery of Container Feeder Vessel, Declaration of Option to Acquire Two Additional Container Vessels and Signing of Non-Binding Letter of Intent

Drybulk and container company Euroseas added to its fleet two feeder-size containerships. Moreover, with the option of acquiring two additional containerships, the company purchased as well the feeder M/V EM Corfu and the post-panamax M/V Akinada Bridge, which will be delivered to Euroseas by the end of 2017. (Hellenic Shipping News)

Thumbnail _upcoming -events -thumb (1)

Energy Union Future Leaders

Under the auspices of Maroš Šefčovič, Vice-President, Energy Union, European Commission

Brought to you by the Greek Energy Forum and the Energy & Environmental Policy Laboratory of the University of Piraeus

Athens, Greece - November 10, 2017

Thumbnail _news -thumb

Knowledge Partnership with Natural Gas World

The GEF is happy to announce the commencement of an exciting knowledge partnership with Natural Gas World. Natural Gas World is an independent specialized website dedicated to bringing you the most essential, accurate and reliable information on global gas matters.

GEF Internship Programme Launched

The Greek Energy Forum is delighted to announce the launch of the Internships Programme and would like to invite students and recent graduates to submit their CVs as a range of internships across Europe will be soon available in our partner companies as well as within GEF.

Please send your CV and cover letter to info@greekenergyforum.com quoting “Internship Programme - CV” on the subject, and include your availability to start, current location and flexibility to travel and preferred type of employment (part-time/full-time).

Color Twitter 48 Color Facebook 48 Color Linkedin 48 Color Forwardtofriend 48 Color Link 48

The Greek Energy Forum newsletter is brought to you by our team of subject-matter experts: Martha Tallas (Oil & Gas), Loukas Botsis (Gas & Power), Athina Sylaidy (Enviroment & EU Policy), Kassiani Savvopoulou (Shipping), Leonidas Kanonis (Renewables). We are always keen to receive your feedback, so please do not hesitate to contact us at info@greekenergyforum.com.

GEF Grey

London Athens 2 Brussels Dubai2 Nikosia2 Washigton1
 

This is an unattended email address. Please do not reply.
In order to contact us please send us your email at
info@greekenergyforum.com.

To Unsubscribe from this list please click here. The email is not displayed properly? View the online version here.

  • Comments

0 Comments

Top