Energy & Natural Resources, Rokas Law Firm updates


Contributed by Rokas Law Firm
Investing in RES sector
  • Greece
  • March 12 2018

The Greek energy sector is expected to expand over the next few years as a result of, among other things, the optimisation of the energy mix – which consists of a reduction in fossil fuel-generated electricity and an increase in energy from renewable energy sources (RES) – and the liberalisation of the electricity and natural gas markets. Greece is also expected to create energy investment opportunities due to the availability of RES potential in the country and ongoing substantial infrastructure projects.

Energy Exchange operations expected in 2018
  • Greece
  • January 15 2018

During 2017, a group of experts worked on the modelling and organisation of the Energy Exchange with the intention that it would be established and begin operating in the first half of 2018. As such, the Ministry of Energy and Environment recently presented, through a public consultation, the draft Energy Exchange Law, which would amend the Target Model Law and the Energy Law.

NOME auctions – enhancing competition in electricity supply market
  • Greece
  • November 06 2017

In 2016 Law 4389/2016 introduced the sale by auction of electricity forward products with physical delivery by the Greek vertically integrated Public Power Corporation (PPC) to eligible electricity suppliers. The purpose of these auctions is to reduce the PPC's retail market share in the interconnected system, enhance competition and provide better quality products and lower prices to consumers.

New international hydrocarbons offshore tenders launched for Crete and Ionian Sea
  • Greece
  • October 09 2017

Two international tenders granting exploration and exploitation rights for the block areas of Southwest and West Crete, as well as the Ionian Sea, were recently published in the Official Gazette. This publication follows the expressions of interest by the consortium Total-ExxonMobil-Hellenic Petroleum for Southwest and West Crete and Energean Oil and Gas for the Ionian Sea. The expected announcement by the Official Journal of the European Union will also allow other interested stakeholders to submit offers.

Privatisation tender for 66% of Greek gas TSO relaunched
  • Greece
  • July 31 2017

Decision 51 of the Government Council for Economic Policy was recently published, approving the process for a new international tender for the acquisition of a 66% stake in the national natural gas transmission system operator. The new tender was launched by the Hellenic Republic Asset Development Fund on June 26 2017 and will remain open to receive respective expressions of interest until August 7 2017.

Current search