Europe: Brent oil, TTF...

During the fourth week of June, Brent crude oil futures prices experienced a...

Europe: Electricity prices fall...

In the fourth week of June, average electricity prices declined across most major...

Europe: Electricity demand rises...

During the week of June 23, electricity demand rose across most major European...

Solar and wind energy...

During the week of June 23, solar photovoltaic (PV) energy production rose in...
Supported byClarion Energy
HomeSEE Energy NewsGreece and Saudi...

Greece and Saudi Arabia to build an electricity interconnection

Greece and Saudi Arabia plan to establish a joint venture for the development of an electricity interconnection between the two countries. The agreement for the establishment of the special purpose company Saudi Greek Interconnection will lay the foundations for the development of the new electricity interconnection between Greece and Saudi Arabia.

The partnership with the Saudi Arabian transmission system operator is the first step towards the implementation of a clean energy corridor from the Middle East to Europe via Greece and is combined with the operator’s planning for the Green Aegean Interconnector â€“ Greece-Germany electricity interconnection, according   to Greek electricity transmission system operator ADMIE.

The deal comes as Greece and Saudi Arabia last year signed a Memorandum of Understanding (MoU) to cooperate on energy. The MoU sets a framework for cooperation that includes renewable energy, electrical interconnection, exporting electricity to Greece and Europe, clean hydrogen and its transfer to Europe, energy efficiency, the oil, gas, and petrochemical industry, and adopting the circular economy approach to carbon and technologies to reduce the effects of climate change.

Supported byOwner's Engineer banner

Recent News

Supported byspot_img
Supported byspot_img

Latest News

Supported byspot_img
Supported bySEE Energy News

Related News

Europe: Brent oil, TTF gas and CO2 prices decline in late June amid easing Middle East tensions

During the fourth week of June, Brent crude oil futures prices experienced a decline. On Monday, June 23, the price settled at $71.48 per barrel, already 7.2% lower than the last session of the previous week. Prices continued to...

Europe: Electricity prices fall in late June amid lower gas costs and high renewables

In the fourth week of June, average electricity prices declined across most major European markets compared to the previous week. The United Kingdom’s N2EX market experienced the largest drop, falling by 28%. Other markets saw decreases ranging from 1.3%...

Europe: Electricity demand rises in most markets amid seasonal shifts and holidays

During the week of June 23, electricity demand rose across most major European markets compared to the previous week. Germany and Italy saw the largest increases, with demand growing by 8.2% and 8.1% respectively. France experienced the smallest increase...
Supported byVirtu Energy
error: Content is protected !!