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Greece views gas as a transition fuel as it ramps up renewables and says the shift in its strategy, following the war in Ukraine, will not undermine its plan to boost green energy and cut carbon emissions by 55% by 2030 in line with European Union climate change targets.
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The Commission last week proposed a gas price cap that would kick in if the front-month Title Transfer Facility (TTF) gas price exceeded 275 euros ($289) per megawatt-hour for two weeks and was 58 euros higher than a liquefied natural gas reference price for 10 days.
In a document shared with other EU member states this week, Italy, Poland, Tailor Made Tour greece taxi prices, Belgium and Slovenia proposed two options: either a far lower fixed price cap of 160 euros/MWh, or a "dynamic price cap" that could fluctuate in response to existing liquefied natural gas price benchmarks.
But the fossil fuel industry worldwide has been making the case for Pelion sightseeing the continued use of hydrocarbons as a means to address the energy and economic crisis caused by the Ukraine war and to create wealth.
BRUSSELS, Dec 2 (Reuters) - European Union countries will consider on Friday a proposal for a gas price cap slightly lower than a Brussels proposal that some view as too high, with a handful of countries pushing for an even lower limit, documents seen by Reuters showed.
But while EU countries have already agreed a raft of emergency energy measures, including requirements to fill gas storage to prepare for winter, diplomats expected tough negotiations on the price cap and some were doubtful a deal could be struck in time for a Dec.
Some countries criticised the original EU proposal, including suggestions it was designed with such a high price and with criteria so strict that the cap would never be triggered, and thus fail to cushion their economies from price spikes.
The revised proposal, seen by Reuters, would also extend the cap to cover not only the front-month gas contract, as the Commission proposed, but contracts with expiry dates as far forward as a quarter-year.
EU gas prices have soared this year as Russia slashed gas deliveries to Europe following its invasion of Ukraine, public transportation volos prompting governments to spend hundreds of billions of euros to cushion their economies from the surge in energy costs.
This week Prime Minister Kyriakos Mitsotakis announced the initiation of seismic surveys to locate potential natural gas reserves in two offshore blocks southwest of Greece's Peloponnese peninsula and the island of Crete.
On Friday, countries will consider a revised proposal by the Czech Republic, which holds the rotating EU presidency, which would lower the limit to 264 euros/MWh and taxi prices Tailor Made Tour greece require prices to remain above that level for five trading days, instead of two weeks, taxi from Tailor Made Tour port to acropolis to trigger the cap.
While environmental campaigners are pushing for a shift to zero-carbon fuel, Greece is among the countries that says the disruption of Russian energy supplies as a result of the Ukraine war is reason to increase hydrocarbons exploration.
In April, Energean, the country's sole oil producer so far, announced test drilling at the onshore block in the northwestern area of Ioannina in 2023, the first such drilling in the country in 22 years.
