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Greek Energy Forum Newsletter, 14th January 2019

Tesla has made a proposal for the implementation of a microgrid solution on the island of Limnos. DEDDIE/HEDNO, the Hellenic Electricity Distribution Network Operator, intends to stage an international tender in spring for the development an energy self-sufficient island. Limnos is considered to have the right combination of size, population and peak consumption.  Tesla has already developed a microgrid solution on American Samoa displacing inefficient diesels-fuelled generation. (energypress) 

Two new participants, US firm Carlyle and Algeria’s Sonatrach, have entered the ELPE (Hellenic Petroleum) sale offering a 50.1 percent stake by establishing respective partnerships with the privatization’s list of two existing candidates, Switzerland’s Glencore and Dutch company Vitol. (energypress) 

A market test for an FSRU project planned for development by Gastrade in Alexandroupoli, northeastern Greece has drawn greater than expected interest from traders for capacity reservations, who expressed interest for a level totaling one and a half times the planned LNG terminal’s full capacity. (energypress)

Wishing you all a very happy New Year!!!

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Policy & Regulation

Seven EU nations miss climate and energy plan deadline

Within the framework of European Union's targets for 2030 and especially, the Union's commitments made under the Paris Agreement, Bulgaria, the Czech Republic, Cyprus, Greece, Hungary, Luxembourg and Spain missed an end-of-2018 deadline to submit draft energy and climate plans to the European Commission. (euractiv)

EU concludes political talks on clean energy package, to cut subsidies for most polluting coal power plants as early as 2025

In the context of the political negotiations' conclusion on the Clean Energy for All Europeans package, a provisional agreement was reached on 19th of December, by negotiators from the European Council, the Parliament and the Commission. The agreement concerns a recast internal electricity market regulation and directive. (balkangreenenergynews)

EU energy policy to boost security of supply in the Balkans

During Romania’s six month EU Presidency, the aim to increase energy security of supply in the Balkans will be continued. On this path, Romania will work with Greece, Bulgaria and other Balkan countries to ensure the best conditions for energy security, emphasizing as well as on the diversification of supplies – the vertical corridor as well as the IGB. (neweurope)

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Oil & Gas

ELPE oil pipeline from Thessaloniki to Fyrom seen reopening March

An oil pipeline stretching 213 kilometers from Greek petroleum group  ELPE’s Thessaloniki facilities in the country’s north to its Okta company refinery across the northern border in Fyrom (Former Yugoslav Republic of Macedonia) is expected to reopen around March after the firm ceased using this channel in 2013, ruling it, at the time, as inefficient and unprofitable. The ensuing road transportation of fuels has sharply increased costs and smuggling activity. (energypress)

Overall Greek fuel demand continued slide in 2018, falling 5%

Volume-based fuel sales fell by 5 percent in 2018, driven lower primarily by weaker gasoline and heating fuel demand, which dropped by 5 and 17 percent, respectively, according to data released by SEEPE, the Hellenic Petroleum Marketing Companies Association. The drop in auto diesel demand was milder, falling 1.5 percent. (energypress)

DEPA planning LNG carrier to utilize cleaner shipping fuel opportunities

Greek gas utility DEPA is preparing to enter the LNG bunkering market with the construction of a 3,000 cubic-meter carrier to be based at Piraeus port, according to energypress sources. This LNG carrier is intended to offer bunkering services at Piraeus port, the country’s biggest, and also transport LNG to other ports. (New Europe

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Power Markets

Major changes seen on all energy sector fronts in 2019

This year is expected to bring major changes in Greece’s energy sector. As the market will continue its transition into a competitive format we expect independent players to grow further and take a more active role in the market. Moreover a few pivotal institutional changes are expected to materialize in 2019. (energypress)

PPC unit candidates demanding major changes to SPA terms

Potential investors for PPC’s lignite fired power plants are seeking a major review of the Sales and Purchase Agreement (SPA) terms as they claim that the incentives offered are not sufficient to compensate the losses expected to be incurred by the units. However certain pundits have expressed the view that this is part of the investors’ strategy to push for more favourable terms.  The deadline for binding bid submission has been extended until the 23rd of January. (energypress)

Small offering for next NOME auction prompts reaction

Much to the disappointment of independent vertically integrated electricity suppliers, RAE has offered just 240MWh/h for the first NOME auction of the year. RAE intends to reserve larger amounts for later auctions as it also await the outcome of PPC’s bailout-required sale of lignite units, now in progress. (energypress)

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Renewables

Lower RES auction prices a vote of confidence for economy

Lower prices prompted by aggressive bidding at Greece’s second RES auction for the year on December 10, offering capacities to investors for new projects, can be interpreted as a vote of confidence by investors, local and foreign, for the Greek economy and RES sector. The session’s lower prices, which reached levels of major European markets, also reflect an anticipation of further RES equipment cost reductions and higher facility yields. (energypressBalkan Green Energy News)

North and Central Greece boosts wind power potential

Greece has wrapped the country’s second renewables auction with onshore wind winning almost 160 MW of capacity and securing price levels even lower than in the last French and German onshore auctions, WindEurope’s Head of Advocacy & Messaging Joël Meggelaars said. In total, nine wind projects were awarded licenses and all of which are location in North and Central Greece. (News Europe)

Ellaktor’s absorption of El. Tech. Anemos heralds renewable energy role of group

The Ellaktor group’s absorption of listed wind energy subsidiary El. Tech. Anemos, a move announced last Friday, signifies the major role to be played by the corporate group in renewable energy production, its new administration has noted. Ellaktor’s absorption of El. Tech. Anemos will enable the wind energy firm to further multiply benefits it previously offered to the group as a separate entity, the group’s new administration believes. (energypress) 

Tesla presents microgrid plan for non-interconnected islands

Tesla has presented a plan for the development of a microgrid on Greece’s non-interconnected islands in a meeting at 8 January with Greek energy minister Giorgos Stathakis. The Tesla proposal, Powerpack, is regarded as one of the world’s most advanced electricity microgrid solutions, as this system ensures electricity supply for as many as three days without sunshine, while its batteries may be fully recharged in seven hours. (energypress)Thumbnail Shipping Transportation

Shipping

Imabari Secures Tanker Order from Navios

Frangou-led “Navios Group” has placed an order on the Japanese shipbuilder Imabari for a 311,000 Dwt tanker. The crude oil tanker is scheduled to be delivered during Q3 2020. The price has not been announced yet, however the vessel will be enhanced with the latest energy saving technologies and a SOx scrubber system that will conform with both SOx and NOx guidelines. (World Maritime News)

TMS Cardiff Gas announces four long-term time charter contracts with Shell and places newbuilding orders for additional X Carrier Series of LNG ships

TMS Cardiff Gas has placed additional orders in Hyundai Heavy Industries and Samsung Heavy Industries in South Korea for a number of 174,000 CuM LNG carriers with XDF propulsion installed. This last order took the number of ordered ships by the company to eleven. The vessels are expected to be delivered between 2020 and 2021, when they will start trading by Shell and the company has placed options for additional vessels scheduled for delivery within 2021. (Hellenic Shipping News)

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GEF and the United Nations Economic Committee for Europe (UNECE)

For its third year as a member of the Group of Gas Experts of UNECE, Alexandros Lagakos had the pleasure to represent the Greek Energy Forum and to present within the imposing building of UN Palais De Nations in Geneva on the topic of global LNG trading and optionality. 

The presentation highlighted to UN delegates that in 2017 the Mediterranean together with China were the two places in the world that massively outperformed forecasts in regards to their actual LNG imports. Med countries - and within them Greece - deserve more attention by the global LNG industry and this is a message that we as Greek Energy Forum are working hard to convey to our international audience.

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Knowledge Partnership with Natural Gas World

The GEF is happy to announce the commencement of an exciting knowledge partnership with Natural Gas World. Natural Gas World is an independent specialized website dedicated to bringing you the most essential, accurate and reliable information on global gas matters.

 

 

 

 

 

  

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

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The Greek Energy Forum newsletter is brought to you by our team of subject-matter experts: Martha Tallas (Oil & Gas), Loukas Botsis (Gas & Power), Athina Sylaidy (Enviroment & EU Policy), Kassiani Savvopoulou (Shipping), Leonidas Kanonis (Renewables). We are always keen to receive your feedback, so please do not hesitate to contact us at info@greekenergyforum.com.  

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