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Friday, 09 September 22
GREECE WILL KEEP COAL-FIRED PLANTS RUNNING FOR LONGER AMID GAS CRISIS - REUTERS
Greece will keep seven coal-fired plants running for longer than previously planned as European countries adjust to a cut in gas flows coming from Russia, the chief executive of the Greek gas grid operator DESFA said.
 
“In the short term some European countries will have a delay in their decarbonisation (plan), but this could also be an opportunity … allowing to avoid an intermediate phase towards hydrogen,” DESFA CEO Maria Rita Galli said, speaking at the Gastech conference in Milan.
 
Galli said a previous plan to phase out the seven coal-fired power plans in Greece would be delayed amid the energy crisis engulfing Europe and soaring gas prices.
 
Galli added that Greece was in talks with Italy to get some space from Rome where Greek operators could store gas so as to comply with a Europe-wide requirement to have fuel stocks available before the winter.
 
“I think Athens and Rome are close to a deal on gas storage,” Galli said.
 
Other European countries have also put off closing coal plants in response to the pressure from Russia.
Source: Reuters 


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Recent News

Tuesday, 20 September 22
CHINA COAL OUTPUT UP 8.1 PCT IN AUGUST - XINHUA
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Monday, 19 September 22
BUMA AUSTRALIA AWARDED A$400 MILLION CONTRACT EXTENSION BY BMA FOR GOONYELLA PROJECT
Press Release – PT Delta Dunia Makmur Tbk. (the "Company") announced that its subsidiary, PT Bukit Makmur Mandiri Utama ("BUMA ...


Saturday, 17 September 22
CHINA WARNS COAL COMPANIES AGAINST DUAL CONTRACTS, KEEP PRICES STABLE - REUTERS
China’s state economic planner warned coal companies operating at ports in the Bohai Bay region to comply with their long-term contracts to k ...


Saturday, 17 September 22
IS A GLOBAL RECESSION IMMINENT? - WORLD BANK
Since the beginning of the year, a rapid deterioration of growth prospects coupled with rising inflation and tightening financing conditions, has i ...


Saturday, 17 September 22
FITCH RATINGS REVISES GLOBAL METALS & MINING PRICE ASSUMPTIONS
Fitch Ratings has revised its metals and mining price assumptions reflecting evolving economic growth expectations and demand and supply dynamics. ...


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