Chemical substances

Nicosia eyes shipping corridor for gas exports

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. 

Nicosia resolute on gas plans

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.

A powerful climate solution just below the ocean’s surface

They can bolster the coastlines, break the force of hurtling waves, provide housing for fish, shellfish, and migrating birds, clean the water, store as much as 5% of the world's carbon dioxide, and pump oxygen into the ocean, in part making it possible for life on Earth as we know it.

Bulgaria: The Two Most Powerful Coalitions Discussed the Budget Situation

The working groups of GERB-SDS and "We Continue the Change-Democratic Bulgaria" (WCC-DB) on budget, finance and economic policy discussed the parameters of the budget for this year, which is still to be adopted.

The two coalitions are united around achieving a 3% budget deficit, keeping the tax levels, continuing on the path to the Eurozone and optimizing spending where possible.

Industry’s back to natural gas

The combination of the de-escalation of natural gas rates and the mild winter has reversed the conditions shaped by the energy crisis in relation to domestic gas consumption, exports and LNG cargoes at the port of Revithoussa, the role of Russian natural gas and the shares of industrial fuels.