New responsibilities were added to the Hellenic Hydrocarbon Management Company – EDEY.
In particular, since April 15, EDEY is the competent national authority for the licensing and monitoring of carbon dioxide storage (CCS) projects as well as other gas and liquid storage projects. This is provided by the amendment of the Ministry of Environment and Energy that was voted in Parliament.
In particular, with the bill of the Ministry of Finance (Law no. 4920/2022, Government Gazette A ’74 / 15.04.2002), an amendment of the Ministry of Environment and Energy was voted in the Parliament (Chapter B, article 228), which expands the purpose of EDEY SA and its founding law changes.
As mentioned in this provision, EDEY SA is defined as the competent authority “for the issuance of licenses for exploration and storage of carbon dioxide in geological formations and the general management of the rights of the Greek State regarding the exploitation of geological formations for the storage of carbon dioxide and other gases or liquids and including the conclusion and monitoring of the implementation of the relevant contracts “. To the purposes of EDEY is added the monitoring of the safe operation of the relevant projects, as well as the suggestion to the competent Ministers for the issuance of the foreseen regulations.
Landmark amendment
This amendment to the constituent law of EDEY SA is a milestone for the operation of the Company and strengthens its role in achieving the goals of Greece for the energy transition. Aristophanes Stefatos, CEO of EDEY, said: “CCS is introducing practical short- and medium-term solutions for domestic industries that need to reduce their carbon footprint, which makes them both competitive in the domestic and international markets,” he added. »
CO2 storage is a technology for mitigating climate change, as it allows the reduction of CO2 emissions and is going to play a key role in tackling global warming. The CCS involves a three-step process: (1) CO2 capture from industrial activities such as electricity generation, cement, steel and aluminum, petrochemicals, etc. (2) transport of bound CO2 by ship or pipeline to a specified storage area and (3) the permanent storage of CO2 in specific geological formations. CCS technologies may also include the removal of existing CO2 from the atmosphere.
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Airbnb Greece – Initial CoS Ruling Deems Tax Circular Unlawful
The case reached the Council of State following annulment applications filed by the Panhellenic Federation of Property Owners (POMIDA)
Mitsotakis Unveils €1 Billion Plan for Housing, Pensioners, Public investments
Greek Prime Minister Kyriakos Mitsotakis has announced a new set of economic support measures, worth 1 billion euros, aiming to provide financial relief to citizens.
Alter Ego Ventures Invests in Pioneering Gaming Company ‘Couch Heroes’
Alter Ego Ventures' participation in the share capital of Couch Heroes marks yet another investment by the Alter Ego Media Group in innovative companies with a focus on technology.
Corruption Still Plagues Greece’s Driving Tests
While traffic accidents continue to claim lives on Greek roads daily, irregularities and under-the-table dealings in the training and testing of new drivers remain disturbingly widespread
Pope Francis Died of Stroke and Heart Failure Vatican Confirms
As news of the official cause of death spread, tributes poured in from across the globe. The 1.4 billion-member Catholic Church is united in grief, remembering a pope who championed inclusion, justice, and compassion
Increase in Both Museum Visits, Revenues for 2024
As expected, the Acropolis was the top archeological site in the country, followed by Sounion, Mycenae, the ancient theater of Epidaurus, and Vergina in northern Greece
Where Greece’s Tourists Come From: A Look at 2025’s Top Visitor Markets
The United Kingdom continues to hold the top spot as the largest source of incoming tourism, with 5.6 million seats booked for Greece this summer — up 2.2% from last year. This accounts for 20% of all international air traffic to Greece
Pope Francis: A Pontiff Who Reshaped the Papacy and Sparked a Global Conversation
His first words from the balcony of St. Peter’s Basilica—“Brothers and sisters, good evening”—set the tone for a pontificate that would challenge norms, favor mercy over dogma, and bring the papacy closer to the people.
When Blue Skies was Unmasked as ND’s Political ‘Slush Fund’
The fact that so many top New Democracy (ND) party cadres were paid by the firm Blue Skies, owned by Thomas Varvitsiotis and Yiannis Olympios, without ever citing this publicly, raises very serious moral issues, regardless of the legality
Greek Women’s Water Polo Team Top in the World after 13-9 Win Over Hungary
The Greek team had previously defeated another tournament favorite, the Netherlands, to reach the final.
![Πλημμύρες: Σημειώθηκαν σε επίπεδα ρεκόρ στην Ευρώπη το 2024 [γράφημα]](https://www.ot.gr/wp-content/uploads/2025/04/FLOOD_HUNGRY-90x90.jpg)
![Ξενοδοχεία: Μεγάλο το ενδιαφέρον για επενδύσεις στην Ελλάδα – Η θέση της Αθήνας [γραφήματα]](https://www.ot.gr/wp-content/uploads/2025/03/Athens-hotels-90x90.jpg)
