Liquefied natural gas
"The first concern of the government is to ensure the energy adequacy of the country. At the same time, we are struggling to achieve the lowest possible energy prices for consumers, households and businesses ", noted the Prime Minister, Kyriakos Mitsotakis, during his visit to the facilities of the Liquefied Natural Gas (LNG) terminal on Revythousa island.
Israel pledged its support to its European allies in their quest for energy security and independence through Energy Minister Karin Elharar during yesterday's ministerial meeting with Costas Skrekas and Cypriot Minister Natasa Peleidou.
This was noted by Ms. Elharar in her statements promising gas exports from the fields of the Israeli EEZ to European markets.
Algeria's state energy firm is ready to supply Europe with more gas in view of a possible decline due to the Russian invasion of Ukraine, its CEO said on Feb. 27.
Sonatrach CEO Toufik Hakkar said the firm was ready to pump additional gas to the EU from its surplus via the Transmed pipeline linking Algeria to Italy.
French energy giant TotalEnergies said yesterday it has rebounded from the COVID-19 crisis with a huge 2021 profit as oil and gas prices soared.
The company reported net profit of $16 billion (14 billion euros) - the highest in at least 15 years - following a historic $7.2-billion loss in 2020, when oil prices crashed.