“The expansion of our contacts also into include the field of RES, with the promotion of a new electrical interconnection, will give new momentum to the change of our energy mix” emphasized the Minister of Environment and Energy, Kostas Skrekas, after a teleconference with the minister on Thursday Energy of the Kingdom of Saudi Arabia Prince, Abdulaziz Bin Salman.
During the teleconference, the two ministers confirmed the deepening of bilateral cooperation between Greece and Saudi Arabia in the field of energy and welcomed the establishment of a high-level bilateral working group, which will facilitate the implementation of the Memorandum of Understanding signed by the two countries in July of 2022. As it was emphasized, “it is important to activate the working groups from both sides”.
Cooperation between the two countries
The ministers expressed their willingness to work together to ensure stability in international oil markets, continue close communication with each other, and further deepen their cooperation to address emerging risks and challenges.
They also underlined the need to ensure the supply of energy to global markets, noting that Saudi Arabia is still one of Greece’s most reliable partners and suppliers of crude oil.
The discussions between the two sides also included the topic of cooperation in the field of Renewable Energy Sources and the promotion of an electrical interconnection that will export clean energy to Greece and Europe.
Pure hydrogen
In addition, the importance of clean hydrogen and the best ways to transport it to Europe, through Greece, were discussed.
After the teleconference, Mr. Skrekas referred to the two countries expanding their contacts also in the field of RES, by promoting a new electrical interconnection.
Latest News
Vardis Vardinogiannis: ‘On a Ship’s Bridge You Always Look Forward’
Ten milestones in the half century since the creation of Motor Oil Group, as described by Vardis Vardinogiannis, who passed away on Tuesday at the age of 91
DBRS Says Greek Banks ‘Shielded’ from ECB Rate Cuts
The agency explains that fund disbursements through the banking sector will help offset pressures anticipated on interest margins beginning in 2025, due to expected rate cuts by the European Central Bank (ECB).
Meta Cuts Facebook and Instagram Subscription Fees by 40%
The social media giant also revealed that it will continue to offer free access to Facebook and Instagram for EU users, provided they agree to see ads based on a limited set of user data.
Skyrocketing Use of Debit, Credit Cards
The total value of the transactions conducted with debit and credit cards in the country in the first half of 2024 rose 2% on the corresponding period of 2023
JP Morgan Revised Greece Outlook to ‘Overweight’
The investment bank notes that Greece is showing the strongest GDP growth in the Eurozone. Additionally, efforts to clear up bank balance sheets are anticipated to yield increased capital returns.
Vardis I. Vardinogiannis, Greek Tycoon and Shipping Magnate, Dies at 91
In 1990, Vardinogiannis was targeted in an attack which involved three rockets fired at his vehicle by the terrorist organization 17 November.
Kudos for Greek Sheep’s Milk Cheeses
Graviera is the Greek version of the Swiss gruyère, and is generally considered the second most popular cheese made in the country after feta
EIB Survey: Greeks Rank Climate Change as Top Concern After Cost of Living
Specifically, 98% of the Greeks surveyed stated that the country must to adapt to climate change, with 60% saying that priority should be given to these adjustment measures
Trump Tells Putin not to Escalate Ukraine War during Phone Convo
Meanwhile, President Joe Biden, is preparing to lobby Trump against abandoning U.S. support for Kyiv
Former Thessaloniki Mayor Yiannis Boutaris Dies at 82
Boutaris entered politics in 2010, serving as the 60th mayor of Thessaloniki for two consecutive terms until 2019, becoming a transformative figure with his progressive policies.