Motor Oil is expected to make the decision investment for FSRU in Agioi Theodoroi to be installed by “Gas Canal” in the fourth quarter of the year .
This was announced yesterday by the Deputy CEO of the energy group during the teleconference with analysts that took place on the occasion of the announcement of the financial results of 2021. As Petros Tzannetakis said at this stage the work for the FSRU is in technical development and for this reason this it cooperates with Japanese firm Mitsui. The market test is scheduled for June and based on its results, the investment decision will be made towards the fourth quarter of the year.
RES
Motor Oil, however, continues its plans for RES development, in the context of reducing its environmental footprint.
As noted by Mr. Tzannetakis, a subsidiary of MORE, through TEFORTO Holdings Ltd, currently has 280 MW in operation, and 84 MW RES projects are under construction. The company is discussing the financing scheme for these projects with Greek banks, which will be completed in 2023. 650 MW portfolio projects are currently in focus.
Positive image
Speaking about the group as a whole, he pointed out that for the first quarter of the year the picture is positive. He even added that we are returning to an era of dividends.
In connection with the developments in the war in Ukraine, Mr. Tzannetakis announced that Motor Oil stopped procuring crude oil from Russia before the invasion, replacing these quantities from other markets.
At the same time, in an effort to reduce the operating costs of refineries, Motor Oil has replaced natural gas with fuels such as LPG, naphtha and fuel oil.
Electricity
Finally, the Deputy CEO talking about the electricity sector sees a continuation of the upward trend in prices with Korinthos Power being profitable.
He also referred to NRG for its cooperation with the METRO chain in electrification, announcing new corresponding collaborations, with a total power of 1.2 GW.
He spoke about the cooperation with Portuguese firm EDPR and the launch of 496 MW projects in Evia.
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
French Fund Meridiam Shows Growing Interest in Great Sea Interconnector
According to OT, the fund engaged in recent discussions regarding the Great Sea Interconnector with Greece’s Minister of Environment and Energy and the CEO of Greece’s Independent Power Transmission Operator (IPTO/ADMIE)
Everything to Know about Store Hours this Holiday Season
Stores and supermarkets across the country are operating extended hours, offering ample opportunities for holiday shopping
Greece Prepares for State Budget Vote as Debate Reaches Final Stages
Prime Minister Kyriakos Mitsotakis is expected to deliver his remarks late in the evening, shortly before the decisive vote that will conclude the session
DM Dendias: We talk With Turkey But We Always Bring Up Their Unacceptable Positions
Second and last day of closely watched conference, entitled 'Metapolitefsi 1974-2024: 50 Years of Greek Foreign Policy', also included appearances by PM Mitsotakis, Ex-PM Tsipras and PASOK leader Nikos Androulakis, among others
Rhodes Airport Tops Fraport Greece’s Regional Airports in 2024 Performance
According to Fraport's data, more than 35 million passengers (specifically 35.2 million) were handled by Fraport-managed airports during the 11 months.
European Central Bank Cuts Interest Rates by 25 Basis Points
It is the fourth cut of interest rates by Europe’s central bank, a move expected by the markets and financial analysts leading to the rate settling at 3%.
Airbnb: New Measures Add €600 in Extra Costs for Property Owners
Property managers face an immediate administrative fine of 5,000 euros if access to the inspected property is denied or any of the specified requirements are not met.
Economist: Greece Included in the Best Performing Economies in 2024
Meanwhile, Northern European countries disappoint, with sluggish performances from the United Kingdom and Germany.
EasyJet Expands Its Routes from Athens
The airline’s two new routes will be to London Luton and Alicante and they will commence in summer 2025.
Capital Link Forum Highlights Greece’s Economic Resurgence; Honors BoG Gov Stournaras
Capital Link Hellenic Leadership Award recipient, Bank of Greece Gov. Yannis Stournaras, an ex-FinMin, was lauded for his pivotal role during Greece’s economic recovery
![Φυσικό αέριο: Δυναμικό come back του LNG στην Ελλάδα [γραφήματα]](https://www.ot.gr/wp-content/uploads/2023/01/OT_naturalgas-90x90.jpeg)
![Fraport: Πάνω από 35 εκατ. επιβάτες στα αεροδρόμια το 11μηνο – Πτώση στη Μύκονο [πίνακας]](https://www.ot.gr/wp-content/uploads/2022/06/fraport-90x90.jpg)
