Athens is being pushed to reassess its strategy in the Middle East and North Africa following the expected but unwelcome signing of a mutual defense agreement among Turkey, Pakistan and Saudi Arabia. The pact provides for reciprocal military assistance if one of the three countries invokes the clause.
With a strong emphasis on respect for international law and the sovereign rights of states over their natural resources, the Ministerial Meeting of the East Mediterranean Gas Forum (EMGF), held in Washington under the Greek presidency, reaffirmed the participants’ commitment to advancing a different model of cooperation for the future of the Eastern Mediterranean.
By Martin Banks Europe’s energy transition must strengthen territorial cohesion rather than deepen existing disparities.
A draft maritime spatial plan for the northern Aegean prioritizes offshore wind farms, energy infrastructure and expanded maritime transport, while offering few concrete environmental protections for coastal areas or marine ecosystems.
The European Commission has approved a €405 million Greek state aid scheme aimed at reducing electricity levies for energy-intensive industries, saying the measure would help prevent companies from relocating production outside the European Union.
National Economy and Finance Minister and Eurogroup President Kyriakos Pierrakakis was in Brussels on Monday to participate in the Eurogroup and Ecofin meetings, as well as in the extraordinary videoconference of the G7 finance ministers that will precede the meeting of the eurozone finance ministers.
Athens views the energy agreements signed last November as the most significant achievement in bilateral relations during the first year of Donald Trump’s second term in the White House, according to Greek officials.
Data centers are power guzzlers, especially if they are used to train, deploy and deliver AI applications and services: A 100 MW AI data center uses enough energy annually to power 100,000 households.
The cost of the emergency measures Greece bore for the energy shielding of Europe, taken by the Commission in the midst of the panic over a complete stoppage of Russian gas exports, came to more than 300 million euros.
The issue of storing electricity from renewable energy sources in Cyprus has become a problem due to extensive production rejections of both large and small photovoltaic parks by the Transmission and Distribution Operators on Easter Sunday and Monday. This has resulted in economic losses as excess energy cannot be stored and is rejected.
