Costis Stambolis, Author at Financial Mirror

Greece faces energy crisis as prices spiral

Last year’s sharp rise in natural gas prices across Europe, which inevitably hit electricity prices, left a sour inheritance to Greek households and businesses. As summer gave way to autumn, electricity prices

6th February 2022

Energy/Europe

Greek government under fire over subsidies to counter electricity price hikes

Over the last weeks natural gas prices in continental Europe and in the UK have soared to unprecedented levels because of tight supplies ahead of the winter season, as many underground storage

26th September 2021

Columnists/Comment/Energy/Europe

Raging fires tested Greece’s electricity system

The raging fires, which have engulfed most of Greece for almost two weeks, apart from the unprecedented ecological devastation and huge loss of property, challenged the stability of the country’s electricity system.

13th August 2021

Comment/Energy

Dramatic impact of pandemic on global energy markets

Last year, the Covid-19 pandemic dramatically impacted global energy markets, with primary energy and carbon emissions falling at their fastest rates since the end of WWII, according to BP’s annual Statistical Review

15th July 2021

Energy

Crude oil and copper pushing up raw material prices

For different reasons, each of the two main commodity products with high marketability, oil and copper, have for a few weeks now entered a new upward cycle, or “super cycle”, according to

9th May 2021

Markets/World

Greece engages in assertive diplomacy

For someone who follows Greece’s foreign affairs, the last few months have been astounding on all counts. A flurry of activity has included non-stop engagement by Foreign Minister Nikos Dendias with the

2nd May 2021

Comment/World

Electric arc across the eastern Med

By Costis Stambolis As work is in progress on the electric tie up between mainland Greece and the island of Crete, following completion in January of the first leg of the project with

28th February 2021

Columnists/Energy

Cyprus’s one-way road to natural gas

By Costis Stambolis As Cyprus has embarked on the road to introducing natural gas to its energy system, following the signing of agreements by DEFA – Cyprus’s gas company – with contractors and suppliers

24th December 2020

Columnists/Energy

Greece-Egypt agreement on sea boundaries paves way for defining a broader EEZ in East Med

By Costis Stambolis The signing on Thursday in Cairo of an agreement between the Egyptian and the Greek governments for the delineation of a segment of their sea boundaries, paves the way

9th August 2020

Comment/Cyprus/Energy/Middle East

Greece’s gamble to decarbonise energy system

Last September, Greece’s newly elected Prime Minister Kyriakos Mitsotakis, speaking at the UN General Assembly on Climate Change announced his government’s decision to eliminate all use of coal from the country’s energy

6th July 2020

Columnists/Energy/Europe