Petroleum production

An elderly woman in Rhodes was found dead in Rhodes after a gas cylinder exploded.

The elderly British national was fatally injured while attempting to replace an LPG cylinder in her home, according to dimokratiki.gr.

The year 2025 is shaping up to be pivotal for the long-delayed liquefied natural gas terminal project in Vasilikos, following last year's setback caused by the withdrawal of Chinese consortium CMC.

Nearly 120 floating production systems could be ordered in the next five years, according to Scottish consultancy Energy Maritime Associates (EMA).

Floating production systems (FPS) first emerged in the 1970s as an option for the production of hydrocarbons discovered at greater ocean depths, surpassing the viability of fixed platform installations.

Greek shipowners have spent an unprecedented $18 billion on newbuild gas vessels since 2021 as companies diversify their portfolios away from traditional tanker, bulker and container asset classes, according to new research published on Wednesday by VesselsValue, the data intelligence arm of maritime data and freight management solutions provider Veson Nautical.

Greek shipowners have spent an unprecedented $18 billion on newbuild gas vessels since 2021 as companies diversify their portfolios away from traditional tanker, bulker and container asset classes according to new research published on Wednesday by VesselsValue, the data intelligence arm of maritime data and freight management solutions provider Veson Nautical.  

Domestic gas consumption increased by 25.16% in the first nine months of 2024, according to National Natural Gas System Operator SA (DESFA) data, while exports decreased by 95.45%. In the first nine months of the year, natural gas consumption reached 47.65 terawatt hours (TWh) from 38.07 TWh in the corresponding period for 2023.

EU energy ministers met in Luxembourg on Tuesday to discuss the bloc's rising Russian LNG imports, Ukraine's energy shortages ahead of winter and how to balance energy prices across member states, officials said.

Türkiye is seeking to carry out oil and natural gas exploration activities in different regions in the world through partnerships, Energy Minister Alparslan Bayraktar has said.

Türkiye has put countries and regions on its radar, he noted.

"One of them is Somalia… We also want to take part in different projects in Iraq," the minister told a group of journalists in Ankara.

The first tanker carrying liquefied gas for Bulgaria is currently being unloaded at the new regasification terminal in Alexandroupolis, just two days after it became operational. This vessel, belonging to the French company TotalEnergies, holds a volume of 1 million MWh of liquefied gas, which is designated for the state gas supplier, Bulgargaz.

An event focused on business and investment opportunities in Egypt was organized by the Athens Chamber of Commerce and Industry in collaboration with the Egyptian Embassy in Athens.