Fuels

Excise officials have ordered a gas station to close for two years after finding it was selling adulterated fuel and had an illegal storage tank.

In a statement, the Independent Authority for Public Revenue (AADE) said that during an on-site inspection, its officers found a parked tanker which was about to deliver fuel to the filling station's tanks.

Lawlessness is widespread in the fuel market, according to a survey by the National Technical University of Athens, whose main findings were presented by Kathimerini on Sunday.

The Slovenian government has extended the existing system of partial regulation of motor fuel and heating oil prices for another year. The regulation is in force for filling stations outside the country's motorway network.

Within the scope of a school project, a group of high school students in the northwestern province of Bursa has succeeded in producing paper from manure made out of cow dung, bagging an award in a national competition.

"Bulgargaz" proposed a 15% reduction in the price of gas in June, and the state energy regulator EWRC approved the proposal at its meeting today.

Cyprus wants to establish itself as a gateway from East Mediterranean gas resources to Europe via a shipping corridor of LNG carriers, its president said on Monday. 

Cyprus' new centrist government, which came to power in February, has cooled to the idea championed by its predecessors of an "EastMed" pipeline transferring gas to Europe. 

Cyprus' minister of energy, George Papanastasiou, has affirmed Nicosia's commitment to proceed with its plans for transporting natural gas from the region, both for domestic electricity generation and for liquefied natural gas (LNG) exports, despite geopolitical reactions.

The price of natural gas fell to a record low on the Dutch stock exchange, whose prices are a reference for trade in Europe, "Reuters" reported.

The price of June gas on the Amsterdam Exchange reached €24.90 per megawatt hour (MWh) in the morning - the lowest level since May 27, 2021.

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 recent announcements in Israel by Prime Minister Benjamin Netanyahu on a pipeline that will transport natural gas from Israel's exclusive economic zone (EEZ) to Cyprus for liquefaction (LNG) and export to European markets have, analysts say, all the makings of a new energy reality in the region.