Southeast Europe bets on gas
Greece and Bulgaria plan dashes for gas to fuel cleaner energy futures
Gas is set to play a larger role in the energy mixes of southeast European neighbours Greece and Bulgaria as both countries invest in infrastructure to diversify their supply routes. The former is traditionally very dependent on coal for power generation—fuelling 34pc of output in 2018. But Greece’s 10-year national energy and climate plan (NECP) submitted to the European Commission by the country’s centre-right, pro-business Mitsotakis administration, which assumed power in July 2019, sees gas playing a bigger role in backing up the country’s renewables expansion. A target of c.4GW of coal-fired power capacity coming offline by 2023 would represent all of the country’s lignite plants curren
Also in this section
26 April 2024
While the US has been breaking records for its premium grade crude, there are doubts over whether you can have too much of a good thing
26 April 2024
Slowing demand growth and capacity expansions will squeeze refiners in coming years
25 April 2024
Some companies with assets in Israel have turned towards Egypt as tensions escalate, but others are holding firm despite rising tensions
24 April 2024
But even planned exploration activity is unlikely to reverse declining output from mature fields